38% of US Economists Say a Recession Will Happen Next Year
- 5 years ago
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%
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%