Survey: Economists divided on where Economy's heading

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

(Washington, DC) -- Top economists are divided on where the U.S. economy is heading this year as inflation remains high and job growth stays robust.

The latest National Association for Business Economics survey shows a "significant divergence" among respondents on the outlook of the economy.

However, a majority of economists surveyed believe there will be a recession this year.

Inflation is expected to stay above the Federal Reserve's target rate of two-percent, although economists expect inflation to slow over the course of 2023 and 2024.

Suggested

West Coast leads national gas price spike
Wed, Aug 2nd, 2023 - 4:14pm
Photo by: WDAY Radio Staff
Fed may not be able to avoid Recession
Mon, Feb 27th, 2023 - 6:25am
Inflation heating up
Fri, Sep 15th, 2023 - 2:12pm