Most economic forecasts are looking better. We economists are upgrading our predictions for 2014 and 2015. The improvement is clearly visible in our estimates of the risk of recession. The chart shows the monthly average answer to The Wall Street Journal’s survey of the probability of a recession in the next 12 months. (The Journal surveys 50 economists, but not everyone answers every question.)
Most economic forecasts are looking better. We economists are upgrading our predictions for 2014 and 2015. The improvement is clearly visible in our estimates of the risk of recession. The chart shows the monthly average answer to The Wall Street Journal’s survey of the probability of a recession in the next 12 months. (The Journal surveys 50 economists, but not everyone answers every question.)
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