The survey came out after President Donald Trump pushed back against talk of a looming recession as a raft of US data reports last week showed a mixed picture on the economy.
"And most economists actually say that we're not going to have a recession. But the rest of the world is not doing well like we're doing.""I sure don't see a recession," he told NBC's Meet the Press. However, the Fed was already sending strong signals that it intended to pull back on the rate increases made in 2018 due to concerns starting to dog the economic outlook, including the trade war with China."Survey respondents indicate that the expansion will be extended by the shift in monetary policy," said NABE president Constance Hunter, who is chief economist at KPMG.
More economists shifted their recession prediction to 2021, narrowing the gap from the prior report, which had many more expecting the change next year. But that was before Trump announced another round of tariffs of 10 percent on the remaining $300 billion in goods not yet hit by US punitive duties. The new measures will take effect in two stages, on September 1 and December 15.
ohh ohhhh.. Dinelay lang nila yung recession for 2 years...
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