Bloomberg Wealth: Recession Vibes Are Strong

The possibility of a recession in the next 12 months has increased to 65%, according to a Bloomberg survey of economists. — The possibility of a recession in the next 12 months has increased to 65%, according to a Bloomberg survey of economists.
Photographer: Stephanie Keith/Bloomberg

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By Claire Ballentine

March 30, 2023 at 5:00 PM UTC

The odds of a recession are growing.

That’s the takeaway from a new survey of economists that Bloomberg recently conducted. The probability of a downturn in the next year is now 65%, up from 60% in February.