A majority of US businesses predict US recession by end of 2021
(VOVWORLD) - 74% of US business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the US by the end of 2021.
 President Donald Trump speaks with reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, N.J., Sunday, August 18, 2019. (Photo: AP) |
In a report released on Monday, most of the economists surveyed by the National Association for Business Economics, did not share Trump’s optimistic outlook for the economy, though they generally saw recession coming later than they did in a survey taken in February. 34% of the respondents 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 a recession will occur next year, down slightly from 42% in February. Only 2% of those polled expect a recession to begin this year.