Consumer spending US economy markets
A resilient consumer has helped stave off a recession so far, but that may not last.
  • Goldman Sachs' 12-month recession probability is hovering at 15%, about the "historical unconditional average."
  • A WSJ survey showed the consensus probability of a downturn in the next year dipped below 50% for the first time since mid-2022.
  • Here's how recession expectations have changed over the last 18 months.

Recession calls have evolved over the last two years, with forecasters digesting a wide range of conflicting signals about what might be next for the US economy.