November 29, 2022

Economists see recession coming, so perhaps it’s not

Economists see recession coming so maybe its not

Economists see recession coming so maybe its not

The author is chair of Rockefeller Worldwide

Economists are likely to assume in small incremental steps, lacking huge turns within the story, which helps clarify why their consensus view had not forecast a single US recession since data started in 1970 — till now.

For the primary time, economists as a bunch not solely count on a recession in America within the subsequent yr, however give it a really excessive chance, greater than 60 per cent. Given their file, it’s price asking whether or not the consensus is, in…

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