The sky will fall, economically speaking, on that most economists agree.
Where they do differ, is when exactly they expect America’s economy to suffer two straight quarters of negative economic activity and what factors may lead up to a future recession.
In the latest survey from the National Association for Business Economics, 281 members reported their economic predictions.
“Three-fourths of the NABE Policy Survey panelists expect an economic recession by the end of 2021,” said NABE President Kevin Swift, CBE, chief economist at the American Chemistry Council. “While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”
…continue reading the rest of this post: Most business economists now predict a full-blown recession by 2021
