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https://www.wsj.com/articles/economists-are-cutting-back-their-recession-expectations-74118938

Economists Are Cutting Back Their Recession Expectations

Forecasters still expect GDP to eventually contract, but later, and by less, than previously

Harriet Torry

and

Anthony DeBarros

The Labor Department’s consumer-price index is sharply lower than the peak in June 2022 and the slowest in more than two years. Photo: Joe Raedle/Getty Images

Economists are dialing back recession risks.

Easing inflation, a still-strong labor market and economic resilience led business and academic economists polled by The Wall Street Journal to lower the probability of a recession in the next 12 months to 54% from 61% in the prior two surveys.

Economists Are Cutting Back Their Recession Expectations

Forecasters still expect GDP to eventually contract, but later, and by less, than previously

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