RECEDING RECESSION

In an early April survey of business and academic economists, the percentage predicting a recession within the next two years declined from 39% three months ago to 29%. This is the lowest percentage since 4/22 when recession chances were pegged at 28%. Better yet, just 10% expect at least one quarter of negative growth over the next 12 months, down from 33% in January. I’m also slightly more optimistic.