:"Probabilistic forecasts from models and surveys (e.g., New York Fed's yield curve model, economist panels) suggest a '''25-40% chance of a recession starting within the next 12 months (by November 2026), rising to 40-50% within 24 months''' (by November 2027). These are consensus estimates; outliers like UBS's 93% credit-stress scenario appear tied to niche metrics and are not widely echoed. Betting markets (e.g., Polymarket) align closer to 30-38% for 2025-2026. | :"Probabilistic forecasts from models and surveys (e.g., New York Fed's yield curve model, economist panels) suggest a '''25-40% chance of a recession starting within the next 12 months (by November 2026), rising to 40-50% within 24 months''' (by November 2027). These are consensus estimates; outliers like UBS's 93% credit-stress scenario appear tied to niche metrics and are not widely echoed. Betting markets (e.g., Polymarket) align closer to 30-38% for 2025-2026. |