Business survey finds probability of 2023 Recession less likely

Photo by: WDAY Radio Staff
Photo by: WDAY Radio Staff

(Washington, DC) -- A new business survey shows concerns about a U.S. recession easing slightly this year.

The results of the January NABE Business Conditions Survey finds just over half of its members put the possibility of a recession at 50 percent or higher.

That's a drop of more than ten percent from three months ago.

The group's chief economist noted "inflation may be easing" with the outlook for price increases at its lowest reading in more than two years.