WSJ survey of economists indicates that the probability of a US recession is down sharply ...Middle East

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WSJ survey of economists indicates that the probability of a US recession is down sharply
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The latest Wall Street Journal (gated) survey of economists lowered the probability of a recession within the next year to 39% from 48% in the October surveyReasoning cited included: interest rates are trending lowergas prices are down from last yearincomes are growing faster than inflationThe economists on average expect the economy to grow just 1% in 2024about half its normal long-run ratea significant slowing from an estimated 2.6% in 2023Employers are expected to keep adding jobs in 2024, but at a much slower pace than in recent yearspayroll gains to average 64,000 a month this year, less than a third of the 225,000 average in 2023expect the unemployment rate will climb to 4.3% by the en

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