But down from peak 37%. From Polymarket:

Betting on Recession 2026: Up to 32% fm 21% pre-War

From Kalshi over comparable period:

Kalshi rises to 31.6% from 23.1% on February 27.

Kalshi uses 2 consecutive quarter criterion, while Polymarket uses either NBER declaration or 2 quarter rule.

Goldman Sachs rates a 25% probability of recession.

For comparison, the January WSJ survey mean probability of a recession over the next 12 months was 27%.

This entry was posted on by Menzie Chinn.

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