June 17, 2024
Recession looks less likely for U.S., these economists say, but a ‘slog’ still lies ahead

Recession looks less likely for U.S., these economists say, but a ‘slog’ still lies ahead

Despite the recent turmoil in the bank sector, a recession is still not the most likely outcome for the U.S. economy over the next two years, analysts at the Peterson Institute for International Economics said Monday.

“The data has been more resilient than we thought it would be,” said Karen Dynan, a professor of the practice of economics at Harvard University, at a briefing for reporters ahead of the formal release of their semi-annual forecast.

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