WASHINGTON — 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.
Trump has dismissed concerns about a recession, offering an optimistic outlook for the economy after last week's steep drop in the financial markets. He said Sunday,"I don't think we're having a recession. We're doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they're loaded up with money."
While the economists in the NABE survey generally saw recession coming later than they had in February, the latest survey was taken between July 14 and Aug. 1 — before the financial markets last week signaled the possibility of a U.S. recession, sending the Dow Jones Industrial Average into its biggest one-day drop of the year.
The economists surveyed by the NABE were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Only 5% predicted that a comprehensive trade deal would result, 64% suggested a superficial agreement was possible and nearly 25% expected nothing to be agreed upon by the two countries.
Economy up, economy down; voters will take Trump every time around. Carry on, Mr. President.
That is more than two years off & a record setting bull market.
Look sooner
Donald Trump will be outta Office... reason for him to blame the Democrats for his doings....
26 thousand is not a recession. and the survey polled democrats. like they always do
So, I don't have a PhD in statistics, but this means 66% do not... isn't that really the story that the vast majority of respondents in the survey do NOT expect a recession? So if you read your article you list 74%. The accompanying video news story says 34%. SMH
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34% of economists in survey expect a US recession in 2021WASHINGTON (AP) — A number 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.... Bummer. Trump will probably get re-elected if it’s not sooner and will destroy the economy with his insanity. Can you imagine if this shit show took office in 2008? We are already in recession. 2021 🤔 How is this a headline?
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One-third of economists predict US recession in 2021Among 226 economists surveyed by the National Association for Business Economics, 34% said a recession would hit the U.S. in 2021, an increase from 25% who believed so in February. The GOP is disrupting the economy, just like they did in 2008. Theyll blame the Left, just like they blamed Obama. American journalists will let them get away with it. Again. I think it’s gonna hit us all much earlier than 2021. We will be feeling the impact of it as early as the end of 2019. TrumpRecession Not if Mr. Trump is president!
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One-third of economists predict US recession in 2021Among 226 economists surveyed by the National Association for Business Economics, 34% said a recession would hit the U.S. in 2021, an increase from 25% who believed so in February. The GOP is disrupting the economy, just like they did in 2008. Theyll blame the Left, just like they blamed Obama. American journalists will let them get away with it. Again. I think it’s gonna hit us all much earlier than 2021. We will be feeling the impact of it as early as the end of 2019. TrumpRecession Not if Mr. Trump is president!
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