Posted on 02/26/2023 11:14:07 PM PST by Olog-hai
A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
Fifty-eight percent of 48 economists who responded to a survey by the National Association for Business Economics envision a recession sometime this year, the same proportion who said so in the NABE’s survey in December. But only a quarter think a recession will have begun by the end of March, only half the proportion who had thought so in December.
The findings, reflecting a survey of economists from businesses, trade associations and academia, were released Monday.
A third of the economists who responded to the survey now expect a recession to begin in the April-June quarter. One-fifth think it will start in the July-September quarter. …
(Excerpt) Read more at apnews.com ...
The sooner it comes the better.
Believe these things if you are a good citizen:
We are not in a recession
Current inflation is transitory and nothing to worry about
We are not at war with Russia
Two weeks to flatten the curve
The energy and food supplies are perfectly fine
"When you get 10 economists in a room together and ask their opinions on the economy, you'll get at least 12 different opinions...all of them wrong."
It’s here already and has been. Democrats just deny it, change the rules and definitions... Sound familiar.
Most usually they have already been for about 18 months before they finally say.
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