Economists Put Recession Odds at 40% Economists have recently updated their U.S. recession predictions, now estimating only a 40% chance, thanks to anticipated robust job market performance and solid consumer spending. This optimism is reflected in the revised economic growth forecast, which has been adjusted to a 2.1% annualized rate for this year, a significant increase from last month’s 1.5% projection. This uptick is attributed to expected increases in household demand and government expenditure. Furthermore, consumer spending, a critical engine of the economy making up two-thirds of the GDP, is projected to rise by nearly 0.5% more than previously thought in the coming two years. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Fed is meeting today. Here’s what experts are saying about the odds of a rate cut. READ MORE Dollar Heads for Best Run in a Year as Fed Seen Delaying Cuts READ MORE Fed's Key Inflation Rate Aligns with Expectations, Boosting S&P 500 READ MORE How Do I Pay for Gold or Silver by Bank Wire? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment