The World Economic Forum on Monday kicked off in the Swiss ski resort of Davos, with two-thirds of private and public sector chief economists surveyed by the Forum expecting a global recession in 2023 and some 18% considering it “extremely likely.”
If we have a recession it will be the most widely anticipated and accurately forecasted recession in my lifetime.
And all these predictions while the labor market continues to be tight. The contrarian in me says "show me".
Be careful what you wish for.