Jobs
Economists Lower Recession Forecasts to 40% on US Job Growth Expectations
- Economy is seen expanding 2.1% this year in Bloomberg survey
- Forecasters mark down recession odds to 40%, lowest since 2022
A worker moves a pallet of soda outside a beverage distribution company in New York.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Economists again marked down their US recession forecasts on expectations that a firm job market and sturdy consumer spending will support stronger economic growth in the near term.
The economy is seen expanding at a 2.1% annualized rate this year — up from the 1.5% expected last month — amid stronger household demand and government spending, according to the latest Bloomberg monthly survey of economists.