Majority Of Economists in Survey See Recession As Likely


While the economy certainly hasn’t broken down yet in the face of the Federal Reserve’s interest rate hikes, economists don’t have a rosy outlook for the next year.

The National Association of Business Economics (NABE) Business Conditions Survey for January, which polled 60 business economists, contained some downbeat results.

Profit margins remain under pressure, registering a -25 net rising index (NRI) in the survey, down from -10 in the October. NRI measures the percentage of panelists reporting rising profit margins minus the percentage reporting falling profit margins.