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U.S. Job Outlook Recession Forecast Downgraded to 40%

In recent days, U.S. economists have once again lowered their forecasts for a U.S. recession as they expect a solid job market and strong consumer spending to support stronger economic growth in the near future。

美国就业前景佳 经济衰退预测下调至40%

Economists have again lowered their forecasts for a U.S. recession, according to a monthly survey, as they expect a solid job market and strong consumer spending to support stronger economic growth in the near term。

The survey results show that this year the economy is expected to be 2 per year..1% annual growth expansion, higher than last month's expectations of 1.5%。Consumer spending, which accounts for two-thirds of gross domestic product, is expected to increase by nearly half a percentage point over the next two years, and respondents generally agree that the U.S. economy will continue to grow at a steady pace.。

While forecasters generally agree that the U.S. economy may slow slightly after the booming growth of 2023, the still strong labor market and inflation trends continue to support most solid household demand.。Respondents expect unemployment to hit 4 percent later this year.1%, lower than last month's forecast of 4.2% and expects U.S. employers to add more jobs in 2026。

Economists now see a 40% chance of a recession in the coming year, the lowest since mid-2022.。They said the economy's continued momentum and the strong performance of job growth were key factors underpinning this optimism.。

While inflation is expected to slow further, economists now expect the Fed to keep interest rates high for longer。They expect to cut rates only once, not twice, in the third quarter of this year。

Bloomberg's survey results show that the U.S. economy remains high-profile, real economic growth and job growth remain strong, while inflation and interest rates are falling。These data indicate the resilience and vitality of the U.S. economy and are a positive sign for investors.。

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