Recession Probability Falls Below 50% As Resiliency Of Economy Continues To Surprise Forecasters

Macroeconomic forecasters recently polled by both the Wall Street Journal and Blue Chip Economic Indicators have boosted their forecasts of US economic growth for both 2023 and 2024 as the resiliency of the economy continues to surprise them. Asked about the probability of a recession during the next 12 months, respondents in both polls now place the likelihood at…