A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn’t share Trump’s optimistic outlook for the economy, though they generally saw recession coming later than they did in a survey taken in February. Thirty-four percent of the economists surveyed said they believe a slowing economy will tip into recession in 2021. That’s up from 25% in the February survey. Another 38% of those polled predicted that recession will occur next year, down slightly from 42% in February. Only 2% of those polled expect a recession to begin this year. In February, 77% of the economists expected a recession either this year, next year or in 2021. Stocks fell sharply Wednesday as the bond market flashed a recession warning for the first time since 2007. (Published Wednesday, Aug. 14, 2019) A strong economy is key to the Republican president’s 2020 re-election prospects. Consumer confidence has dropped 6.4% since July. Trump has dismissed concerns about a recession, offering an optimistic… Read full this story
- NI could yet host World Rally event in 2021 after missing out
- The recession and your career as a leader
- Go Beyond the Survey to Learn More About Your Customers
- IPhone Satisfaction Rating 'on a Different Planet,' Says Survey
- Consumer electronics to stay ahead in recession
- Apple Tops Annual Customer Satisfaction Survey, but Lead Shrinks
- The security data and survey directory
- 10 things that won't survive the recession
- When the next recession comes it’s going to wipe out millions of American families who no longer have savings or investment plans
- Recession-Related Stress Still Frustrates Workers
Economists Survey: 74% See US Recession by End of 2021 have 284 words, post on www.nbcmiami.com at August 19, 2019. This is cached page on Drudgereport. If you want remove this page, please contact us.