Recession a ‘Coin Flip’ as Forecasters Lower Projections

Two major economic forecasters are now predicting recession in the near future, after nonprofit research group The Conference Board saw its Leading Economic Indicator (LEI) index drop 0.8% last month, and the Mortgage Banker Association (MBA) adjusted expectations for 2022 downward by 1%, projecting a fractional 0.6% GDP growth this year.

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