Continued growth but a slowdown in labor market improvement: this is the prevailing sentiment among a panel of economists the Wall Street Journal assembled for an outlook on the economy in 2016. WSJ staffer Josh Zumburn taps the predictions, zeroing in on various sectors that align with the panelists' expertise.
One area to take note of is that economists see, on average, a 17% chance that the economy will enter a recession at some point within the ext 12 months:
Though not especially high—amounting to about one and six odds—it’s the highest collective sense of risk in about three years. It is only an average, and some economists see risks of recession approaching about 40%. And economists—who have tended toward overoptimism in recent years—are now expecting to be disappointed.