A third of business economists now expect a recession in the U.S. in the next two years
WASHINGTON — A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021.
The economists have previously expressed concern that Trump’s tariffs and higher budget deficits could eventually dampen the economy.The Trump administration has imposed tariffs on goods from many key U.S. trading partners — from China and Europe to Mexico and Canada. Officials maintain that the tariffs, which are taxes on imports, will help the administration gain more favorable terms of trade. But U.S. trading partners have simply retaliated with tariffs of their own.
The financial markets signaled the possibility of a U.S. recession last week, adding to concerns over the ongoing trade tensions and word from Britain and Germany that their economies are shrinking.The economists surveyed by the NABE were skeptical about prospects for success of the latest round of U.S.-China trade negotiations.
As a whole, the business economists’ recent responses have represented a rebuke of the Trump administration’s overall approach to the economy.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than 70% of economists think a US recession will strike by the end of 2021Stocks dropped sharply last week after a key recession signal flashed for the first time since before the global financial crisis in 2007.
Read more »
34% of economists in survey expect a US recession in 2021WASHINGTON (AP) — A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S....
Read more »
One-third of economists predict US recession in 2021Among 226 economists surveyed by the National Association for Business Economics, 34% said a recession would hit the U.S. in 2021, an increase from 25% who believed so in February.
Read more »
Caution is warranted but US 'should avoid a recession,' economists sayThe U.S. and global economy should avoid a recession in 2020, with a combination of strong retail sales, potential monetary policy easing and service sector robustness expected to mitigate slowing growth, according to several leading economists.
Read more »
Around 34 percent of surveyed economists expect US recession in 2021The financial markets signalled the possibility of a US recession last week, adding to concerns over ongoing trade tensions and word from Britain and Germany that their economies are shrinking.
Read more »
74% of economists in survey see US recession by end of 2021A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump&39;s economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics, in a report
Read more »