Recent U.S. economic data and consensus forecasts underpin the 87.1% market-implied probability against negative GDP growth in 2026. The Bureau of Economic Analysis reported real GDP expanding at a 1.6% annualized rate in Q1 2026—revised from an initial 2.0% estimate but still well above the prior quarter’s 0.5% pace—driven by rebounds in consumer spending, private investment, exports, and government outlays. Major forecasters, including the CBO at 2.2%, the Philadelphia Fed survey at 2.5%, and Deloitte at 2.2%, project full-year growth near or above 2%, reflecting resilient labor markets with unemployment around 4.5%, ongoing AI-related capital spending, and fiscal support from prior tax measures. While tariffs and elevated energy prices pose downside risks, none of the latest institutional outlooks anticipate contraction, keeping recession probabilities low per New York Fed models. The final Q1 GDP release on June 25 and Q2 data will serve as near-term catalysts for trader sentiment.