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Economics may be known as the dismal science, but modern day practitioners sound suspiciously sanguine about America's ability to sidestep a downturn.

In The Wall Street Journal's latest quarterly survey of business and academic economists, published Sunday, respondents pegged the chance of a recession in the next year at just 48%, the first time the survey has placed the probability at under 50% since the summer of 2022. As for the rest of the world, the outlook seems, well, dismal.

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Source Fool.com