Posted 2/12/2024, 10:11:00 AM
Economists Wary of Recession But Concerned About External Shocks and Political Instability
- Only 25% of business economists expect a U.S. recession this year, but they worry about external shocks like a China-Taiwan conflict
- Respondents expect inflation to stay above the Fed's 2% target through 2024
- 63% see at least a moderate chance of a China-Taiwan conflict disrupting the global economy
- 85% are worried about U.S. political instability around the 2024 elections
- 57% say U.S. budget policies need to be more fiscally disciplined
