U.S. News

CNBC Survey: Main Street More Worried Than Pros About Recession


There appears to be more nervousness about the future health of the U.S. economy on Main Street than among the professional economists who responded to CNBC's latest Econ-Recon survey. 

While 89% of the economists say there's a 0% or 25% probability of a recession over the next 12 months, 66% of the CNBC.com users taking the same survey put the probability at 50% or greater.

What is the probability of a U.S. recession over the next 12 months?

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Main Street respondents are also much more likely to describe current concerns about the credit markets as an "8.0 earthquake" (53% vs 7% for the economists) rather than "merely a risk adjustment" (47% vs 93% for the economists.)  In addition, 35% of "Main Street" says the Federal Reserve needs to take action to calm the financial markets compared to just 7% of the economists responding.