The model and expert forecasts from 2021-2022:
- October 2021: The U.S. Economy May Be Facing Another Recession, New Research Suggests (forbes.com)
- December 2021: The next recession: Here’s when the ‘everything bubble’ will burst (yahoo.com)
- April 2022: A major recession is coming, Deutsche Bank warns | CNN Business
- May 2022: Is the US heading for recession? All the indicators say yes | World Economic Forum (weforum.org)
- June 2022: What Is a Recession and Is the U.S. in One in 2022? | Time – “A survey of 49 U.S. macroeconomists conducted by the Financial Times and the Initiative on Global Markets found that more than two-thirds believe a recession will hit in 2023.”
- October 2022: US Recession Forecast Within Year Hits 100% in Blow to Biden Before Midterms – Bloomberg
December 2023: We still are not in a recession, say the “experts”. But they predict one for 2024. Of course.
Forecasts of the future, regardless of topic, are nearly always wrong. Keep that in mind.
