A survey of local business leaders shows more than half predict the U.S. economy will slide into a recession within the next two years, according to a quarterly report released by UNLV’s Center for Business and Economic Research.

According to the Southern Nevada Business Confidence Index, when asked to predict the next U.S. recession, 55.8 percent responded the U.S. economy could slide into a recession within the next 24 months, while slightly more than 30 percent didn’t see any recession happening in that timeframe. The remaining respondents said the country was already in a recession or predicted it would happen next year.

Forty-one percent of business leaders said their outlook of U.S. economic conditions was better for Q2 than it was in the first quarter of 2025. However, regarding economic conditions in Nevada, business leaders expressed somewhat less optimism in the upcoming quarter. Around 35 percent predicted it would be better, while the majority expected it to stay the same or be worse.

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