According to a recent survey conducted by the National Association for Business Economics (NABE), the majority of economists do not foresee a recession within the next 12 months. This is welcome news for businesses and individuals who are concerned about the state of the economy and the potential impact on their finances.

The survey, which was conducted in August 2022, showed that 68% of economists do not expect a recession to occur within the next 12 months. This is a significant increase from the previous survey, which was conducted in May 2022, where only 56% of economists shared the same sentiment. This suggests that economists are becoming increasingly confident in the strength of the economy and its ability to weather potential challenges.

The survey also showed that economists are generally optimistic about economic growth in the coming months. The majority of respondents expect GDP growth to remain steady or increase, and they anticipate job growth to continue at a solid pace. They also expect the unemployment rate to remain low, which is a positive sign for individuals who are seeking employment.

Despite these positive indicators, economists are still concerned about certain risks that could potentially impact the economy. For example, they are monitoring inflation closely, as rising prices could potentially slow down economic growth. Additionally, geopolitical risks, such as trade tensions and political instability, could also have a negative impact on the economy.

In conclusion, the NABE survey provides a positive outlook for the US economy, with the majority of economists not expecting a recession in the next 12 months. While there are still potential risks that need to be monitored, the overall sentiment is one of confidence and optimism. This is good news for businesses and individuals who are looking to invest and plan for the future, as it suggests that economic growth and stability will continue to be a major driver of prosperity.