38% polled see recession in 2020

38% polled see recession in 2020

As per a report, 38 per cent of economists surveyed by the National Association for Business Economics said they believe a slowing economy will tip into recession in 2020. Only 2 per cent of those polled expect a recession to begin this year, while roughly a third of respondents foresee one hitting in 2021.

Simone
Simone
Robert Talbot
Robert Talbot 5 months

They’re not wrong. Trump has done a good job with the economy, but this period of economic expansion is unprecedented. Sooner or later there will be a recession, we just have to hope it’s on the smaller side.

Wholly
Wholly 5 months

How do those titles appear to disagree so much?

Ryan M
Ryan M 5 months

It's no coincidence that these hand-wringing economic prophecies are starting to swirl as the election approaches. Instill enough fear and rattle enough confidence, and it will trigger the very recession they are predicting, which in turn undermines Trump's reelection prospects. It's all a game.

Rocky
Rocky 5 months

So by this math you could say "62% of economists believe in continued economic prosperity!" and be just as accurate. Just for context.

Little Scar
Little Scar 5 months

How about SHTF! Get your preps! Food, water, shelter, clothing medicine and 👉a means of self-defense.

Beisht Kione
Beisht Kione 5 months

So 62% dont think there will?

Michael Tatom
Michael Tatom 5 months

Recessions aren’t predictable.

Andrew Colomy
Andrew Colomy 5 months

ABC fucked up the number.

Top in Business
Get the App