Markets.News
The Chief Economist at Moody's Analytics, Mark Zandi, has warned that the U.S. economy has a 48% probability of entering a recession within the next year. This prediction is based on a new leading economic indicator developed by Moody's using a machine learning algorithm. Zandi's concerns stem from a weakening labor market, which he believes is currently experiencing a "jobs recession." The unprecedented level of risk highlighted by this forecast signifies a significant threat to the economy. This warning comes amidst recent data showing a decline in the workforce, hinting at a looming economic recession. Zandi's predictions have sparked concerns about the state of the U.S. economy and its potential downturn in the near future.