38% of US Economists Say a Recession Will Happen Next Year. The news comes from a recent survey by the National Association for Business Economics. The 38% is a small drop from a previous survey earlier this year in which 42% of economists believed a recession would happen in 2020. The most recent poll took place from July 14 to August 1 and involved over 225 participants. It happened before a series of events involving America's ongoing trade battle with China. They include the White House accusing the Chinese government of being a "currency manipulator.". According to the latest survey, only 5% of economists believe the U.S. and China will reach a comprehensive deal in the future. Despite the trade conflict, the United States' economy has remained resilient thus far, with the unemployment rate still very low at 3.7%
