"Top Economists Forecast US Economy Nearing Soft Landing Despite Lingering Growth Fears"
TL;DR Summary
Top economists' new forecast shows a decreased likelihood of a recession in the first half of 2024, with a 17.3% chance of negative growth in the first quarter, down from 40.9% in the previous survey. The forecasters predict a soft landing for the economy, with expectations of a 2.1% annual GDP growth rate and a strong labor market, projecting a 4% unemployment rate by the end of the year. Inflation is expected to moderate, and stock markets were mixed while the 10-year Treasury yield rose to 4.16% in early trading on Friday.
- Recession fears evaporate in new forecast of top economists MarketWatch
- A Soft Landing for the US Economy Could Slip Away Bloomberg
- US recession risks recede, but growth fears linger ING Think
- US defies expectations of an economic slowdown Economist Intelligence Unit
- Fed's Harker Says US Nearing Soft Landing as Inflation Falls Yahoo Finance
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