Leading Economist Believes U.S. Will Avoid Recession
Inflation is cooling. Consumers are still spending. And hiring is slowing — but not collapsing. That’s why Moody’s Analytics chief economist Mark Zandi is increasingly confident that the American economy will — narrowly — escape a recession.
“It’s going to be a struggle. It’s going to feel uncomfortable. But I think we are going to thread the needle,” Zandi told CNN Business in a phone interview earlier this week.
Zandi, whose forecasts are often cited by the White House, pointed to recent economic and market indicators that suggest the economy is not falling off a cliff despite widespread fears of a recession.
“The data over the last couple of months have been better than I would have thought. None of the financial market indicators suggest we have a recession dead ahead,” Zandi said.
New numbers released on Thursday show inflation, as measured by the Federal Reserve’s favorite metric, eased in October. That is raising hopes the US central bank can slow the pace of its massive interest rate hikes as soon as this month.
https://www.cnn.com/2022/12/01/economy/zandi-us-could-avoid-recession/index.html