Images by GettyImages; Illustration by Hunter Newton/Bankrate
The U.S. economy has so far avoided what most experts at this time last year assumed to be inevitable for 2023: a recession. Economists, however, still think a downturn is most likely on the horizon.
Experts put the odds of a recession between now and July 2024 at 59 percent, according to the average forecast in Bankrate’s latest quarterly survey of the nation’s top economists. That suggests a roughly 3-in-5 chance, showing probable odds that an economic environment featuring job loss, slower business growth and a tougher stock market is on the horizon.
Illustrating those odds even more, most respondents (78 percent) indicated that the percentage chance of a recession was greater than 1-in-2, while 28 percent said the odds were 70 percent or higher. Just 22 percent said the odds were at 50 percent or lower.
Yet, economists were broadly aligned that the projected…
