A growing number of banks and economists are warning that the U.S. economy could be heading toward a recession in this next year, as financial markets take a hit amid an influx of “economic pessimissm,” The Washington Post repots.

Over just the last week, the Post notes, an ex-Goldman Sachs chief executive warned of the the “very, very high risk of recession,” while Wells Fargo CEO Charlie Scharf said there was “no question” a downturn is coming. Former Federal Reserve chair Ben Bernanke even brought up the dreaded prospect of stagflation, in which an slowing economy meets high inflation.

The remarks echo those made by Deutsche Bank back in April, when the bank’s economists predicted that a “deep recession will be needed to bring inflation to heel.”

“Recession risks are high — uncomfortably high — and rising,” Mark Zandi, chief economist at Moody’s Analytics, told the Post. “For the economy to navigate through without suffering a downturn, we need some very deft policymaking from the Fed and a bit of luck.”

“We’re traveling very close to the edge,” he added.

Fortunately, Treasury Secretary Janet Yellen seems to think a so-called “soft landing” is still possible (albeit hard to navigate).

“I think it’s conceivable there could be a soft landing. It requires both skill and luck … I hope that’s the case, but this is a very difficult economic situation,” Yellen told reporters in Germany on Thursday, per the Post. “There’s a lot going on … It’s not a straightforward matter.”