Economists signal rising risks of US recession ...News

The probability of economic downturn in 2023 is very high despite the signs of easing inflation, experts warn Higher interest rates will push the US economy into recession in the coming year, The Wall Street Journal reported on Sunday, citing its latest quarterly survey of economists. According to the report, business and academic economists on average put the probability of a recession in the next 12 months at 61%. The forecast is slightly changed from 63% in October’s survey. The WSJ report indicated that the Federal Reserve had initially hoped it could bring down inflation with only a slowing in economic growth

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