Recession is coming in 2023 but later than expected, say business economists

Experts are at odds over when a recession might occur. On the whole, they’re expecting one. But timing is the question. Well, one of many, to be accurate.

‘The National Association for Business Economics (NABE) recently released the February 2023 edition of its regular Outlook survey, in this case of  48 professional economic forecasters from businesses, trade associations and academia.

“Results of the February 2023 NABE Outlook survey continue to reflect significant divergence regarding the outlook for the U.S. economy,” an organization release quoted NABE founder and President Julia Coronado, who is also president and founder of MacroPolicy Perspectives LLC, as saying. “Estimates of inflation-adjusted gross domestic product or real GDP, inflation, labor market indicators, and interest rates are all widely diffused, likely reflecting a variety of opinions on the fate of the economy—ranging from recession to soft landing to robust growth.”