Economic Challenges Ease as Businesses Regain Confidence: NABE Report

The National Association of Business Economists (NABE) warns of a more challenging business environment as the US economy slows, with slowing sales and declining profit margins reported in their October 2023 Business Conditions Survey. Rising interest rates are seen as a major headwind, impacting affordability and potentially leading to price reductions. While a recession is not forecasted, NABE participants express caution, with 79% believing there is a 50% or less probability of a downturn.