Economists See US Recession Odds at 50% or Less in New Survey

Improved sentiment in NABE poll comes amid ongoing job gains
Respondents also see rising profit margins, higher prices

WATCH: A fresh survey shows a strong majority of business economists say the odds of the US entering a recession in the next 12 months are 50% or less. Kathleen Hays reports.Source: Bloomberg

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By Reade Pickert

July 24, 2023 at 12:31 PM UTC

Updated on

July 24, 2023 at 4:01 PM UTC

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A strong majority of business economists now say the odds of the US entering a recession in the next 12 months are 50% or less, according to a National Association for Business Economics survey.

Some 71% of respondents reported such an outlook in results of the poll, published Monday. That marks a sharp turnaround from NABE’s previous survey in April, which showed an almost even split between those forecasting a downturn and those who were not.