Economists expect a US recession by end-2021 – NABE Survey
|The latest survey of the US economists conducted by the National Association for Business Economics (NABE) revealed on Monday, 34% of economists believe a slowing economy will tip into recession in 2021.
Further Findings:
“That's up from 25% in a survey taken in February.
Only 2% of those polled expect a recession to begin this year, while 38% predict that it will occur in 2020.
The economists have previously expressed concern that Trump's tariffs and higher budget deficits could eventually dampen the economy.
The economists surveyed by the NABE were skeptical about prospects for success of the latest round of U.S.-China trade negotiations.
Only 5% predicted that a comprehensive trade deal would result, 64% suggested a superficial agreement was possible, and nearly one quarter expected nothing to be agreed upon by the two countries.
The 226 respondents, who work mainly for corporations and trade associations, were surveyed between July 14 and Aug. 1.”
The survey was conducted before the US-China trade tensions escalated and the Trump administration officially labeled China a currency manipulator.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.