NABE 2025 Development Outlook Downgraded from 1.9% (April) to 1.3% (Might)

From NABE as we speak:

Right here’s a comparability to different forecasts.

Determine 1: GDP (black), Might SPF (mild blue), April WSJ (Crimson), March FT-Sales space (inexperienced triangle), IMF April WEO (purple sq.), Might NABE (brown inverted triangle), GDPNow of 5/16 (blue sq.), all in bn.Ch.2017$ SAAR. Supply: BEA, Philadelphia Fed, WSJ, FT-Sales space macroeconomists survey, IMF WEO, NABE, Atlanta Fed, and creator’s calculations.

Proportion of respondents believing the chance of recession exceeds 50% in 2025 rose from 8% (April) to 37% (Might).