Economic Expectations

In 10/22, 63% of economists thought there would be a recession within 12 months. In 1/23, the percentage fell to 61%, where it remained in 4/23. In 7/23, it fell to 54%, and in 10/23 it declined to 48%, sub-50%! It’s now 39%. While that’s good news, contain your enthusiasm. In 12/07, a month before the Housing Bust began, just 38% expected a recession during the next year.