Most economists see U.S. recession by 2021, survey shows
Posted in: Uncategorized
More than three-quarters of business economists expect the U.S. to enter a recession by the end of 2021, though a majority still anticipate the Federal Reserve will continue raising interest rates this year.
Ten percent expect a recession beginning this year, 42 percent project one next year, while 25 percent anticipate a contraction starting in 2021, according to a semiannual National Association for Business Economics survey released Monday. The rest expect a recession later than 2021 or expressed no opinion, the Jan. 30-Feb. 8 poll of nearly 300 members showed.
The projections come ahead of the Commerce Department’s release this week of the advance reading for fourth-quarter gross domestic product, which was delayed by the government shutdown. Economists surveyed by Bloomberg projected as of Friday that growth cooled to a 2.5 percent annualized rate in the final months of 2018 from 3.4 percent in the third quarter.
Post a Comment