According to the latest survey by the National Association of Business Economics, only 25% of business economists and analysts foresee the United States entering into a recession this year. This optimistic outlook suggests that any potential downturn would likely be triggered by external factors, such as a conflict involving China, rather than domestic economic issues like higher interest rates.
It is worth highlighting that just a year ago, most forecasters were predicting a recession for the world's largest economy as the Federal Reserve raised interest rates to counter a burst of inflation that began in 2021. However, despite raising its benchmark rate 11 times between March 2022 and July 2023, the economy continued to grow unexpectedly, and employers maintained their hiring practices while resisting layoffs despite increased borrowing costs.
