Indicators
Most in NABE Survey Say US Already in Recession or May Be Soon
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Almost two-thirds of respondents in a survey of business economists say the US is either already in a recession or has better-than-even odds it will be within the next year.
A National Association for Business Economics survey showed over half of the respondents view a recession as more probable than not, while another 11% indicated the economy is already in one. The survey of 55 NABE members conducted Oct. 3-10 also indicated slower demand, an easing in labor market tightness and a slight moderation in price pressures.