Despite more than a year of consistent recession predictions from Wall Street’s top minds and dozens of Fortune 500 CEOs, the U.S. economy has remained remarkably resilient in 2023. Stubborn inflation and rising interest rates that typically signal the peak of an economic cycle haven’t managed to spark the job-killing downturn that many feared was inevitable. And now, one of the world’s leading economists is making the case that his peers’ consensus forecast for a recession this year is “off base.”
“This time is different,” Mark Zandi, Moody’s Analytics chief economist, wrote in a CNN op-ed Tuesday titled, naturally: “Why I’m betting against a U.S. recession.”
