Most Business Economists Say US Already in Recession or May Be Soon: NABE Survey

American flags fly outside the New York Stock Exchange in New York, on Sept. 23, 2022. Mary Altaffer/AP Photo

The majority of business economists believe the United States is already in the midst of a recession, despite the Biden administration insisting the economy is strong enough to avoid one, according to a new report.

The October 2022 National Association for Business Economics (NABE) Business Conditions Survey report was conducted between Oct. 3–10 among 55 NABE members.