<div style="text-align: justify; "><b style="font-size: 1rem;">The United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey.</b><br></div><div style="text-align: justify;"><br></div><div style="text-align: justify;">More than two-thirds of respondents to the National Association for Business Economics (NABE) Policy Survey also see inflation remaining above four percent at the end of this year.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The survey summarized the responses of 217 NABE members, and was conducted between March 2 and March 10, the organization said in a statement.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The US Federal Reserve has raised rates 4.75 percentage points in a bid to tackle rising inflation, which reached its highest level in decades last year.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Price rises slowed slightly to an annual level of 6.0 percent in February, which is well above the Fed's long-term target of two percent.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Amid the gloomy economic forecast, there was also some good news, with just five percent of respondents believing the US is currently in the midst of a recession, "far fewer" than the 19 percent in its previous economic survey, the NABE president Julia Coronado said in a statement.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Economists also slightly raised the chances of the Fed achieving a so-called "soft landing" -- bringing down inflation while avoiding a recession -- from 27 percent in August to 30 percent in March this year. AFP</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/kh</div>