The stock market suffered its biggest drop in two years on Wednesday. Wall Street economists are also sounding the alarm. A growing number of chief executives and small business owners say they expect a slump later this year. The odds of a recession are about 30%, according to research from Moody's Analytics.
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The Washington Post
U.S. may be barreling toward recession in next year, more experts say
The U.S. economy could be heading for a recession in the next year, according to growing warnings from banks and economists, as a sudden bout of economic pessimism hammers financial markets that had been counting on sustained economic momentum. Although major swaths of the economy - including the job market and consumer spending - remain robust, there are mounting worries that rising borrowing costs for consumers and businesses, after years of ne
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