Majority Of Economists Expect Recession In Next Three Years

Feb. 26, 2019
Three-fourths of NABE Policy Survey panelists expect an economic recession by the end of 2021.

While they may not agree on exactly when it will occur, a majority of business economists expect a recession over the next three years, according to the February 2019 NABE (National Association for Business Economics) Economic Policy Survey. The report notes that while only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020 and 25% expect one in 2021.

According to the survey, a budget deficit in the U.S. that equals up to 4% of gross domestic product worries a majority of respondents. This is a likely outcome in 2019 as the budget deficit for fiscal 2018 was 3.85% and spending is expected to increase the deficit further, according to NABE.

Read the entire report here.

Sponsored Recommendations

Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.
Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...
See how Rosemount™ 625IR Fixed Gas Detector helps keep workers safe with ultra-fast response times to detect hydrocarbon gases before they can create dangerous situations.
The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.