Economists Foresee High Odds of Recession Before 2025, Predicting 26% Stock Plunge
• Recession still expected before early 2025, which could send S&P 500 down 26% to 3,500 (Roukaya Ibrahim forecast)
• Fed rate hikes not fully impacting economy yet; auto loan delinquencies rising
• Savings rate near record low, consumers expected to pull back spending
• Investor sentiment very bullish, stocks vulnerable when earnings fall 10% in recession
• Economists predicting high probability of recession, as high as 85% chance before January 2025