Conference board retracts US recession prediction; economy set to grow despite index decline
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The Conference Board has retracted its prediction of an imminent recession in the United States. Despite a decline in its Leading Economic Index (LEI), positive signals indicate economic resilience. The LEI experienced a 0.4% decline in January, reaching its lowest level since April 2020. However, the rate of decline over a six-month period has slowed, suggesting a less pessimistic outlook. Factors contributing to the reversal of the recession forecast include the recent surge in stock prices and the Federal Reserve's signaling of a shift in monetary policy. Concerns remain about the economy's short-term performance, but economists remain hopeful for continued economic expansion.

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https://www.wionews.com/business-economy/conference-board-retracts-us-recession-prediction-economy-set-to-grow-despite-index-decline-692241