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Recession risks are fading, business economists say

Recession risks are fading, business economists say, but political tensions pose threat to economy

Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would likely result from an external shock such as a conflict involving China rather than from domestic economic factors such as higher interest rates. But respondents to a National Association of Business Economics survey released Monday still expect year-over-year inflation to exceed 2.5% above the Federal Reserve’s 2% target through 2024.

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