Two Thirds of Polled Economists Say , We're Headed For a Recession in 2023.<br />'Forbes' reports that two-thirds of 49 economists polled in a recent survey think the U.S. economy will be in recession in 2023.<br />The poll was conducted by the 'Financial Times' and the University of Chicago.<br />It was conducted during the first days of June and reported on June 13.<br />In order for the U.S. economy to officially be in recession.<br />... the National Bureau of Economic Research (NBER) must recognize a substantial decline.<br />This decline must be <br />identified over the <br />course of at least <br />two fiscal quarters.<br />During the first quarter of 2022.<br />... the U.S. gross domestic product (GDP) contracted by 1.5 percent.<br />Of the 49 economists polled, almost 70 percent agreed that the NBER will make this determination in 2023.<br />One economist predicted that the NBER will make the determination in 2022.<br />30 percent of those polled think a recession will be called in 2024.<br />In September, the Bureau of Economic Analysis will release its report on the second quarter of 2022.<br />To mitigate the effects and extent of the recession, economists cited high consumer spending ... .<br />... and a robust housing market
