The Truth Is Recession Feels Like It’s Already Here

The recession calls are getting louder on Wall Street, but for many of the households and businesses who make up the world economy the downturn is already here.

Goldman Sachs Group Inc. economists put the risk of such a slump in the US in the next year at 30%. A Bloomberg Economics model sees a 38% chance in the same period, with the risks building beyond that time frame. But for many it already feels like it’s here. More than one-third of Americans believe the economy is now in a recession, according to a poll last month by CivicScience.