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Recession Chance Less Than 50%, Economists Say

Business conditions show ‘broad improvement,' according to the National Association for Business Economics.

The probability of a recession has dropped below 50%, according to a survey by the National Association for Business Economics (NABE) of 57 members. The outlook reflects the fourth quarter of 2023 and the near-term future.

About 91% of the respondents give the chance of a recession at 50% or less. This is part of an ongoing development of other economists walking back recession expectations.

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Erik Sherman

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