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More concerns about possibility of US recession

Concern is mounting about a slowdown in the American economy.

The Associated Press is reporting that a number of U.S. business economists appear sufficiently concerned about the risks posed by some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.

Thirty-four per cent of economists surveyed by the National Association for Business Economics, in a report being released Monday, said they believe a slowing economy will tip into recession in less than two years. That's up from 25% in a survey taken in February.

Only two per cent of those polled expect a recession to begin this year, while 38% predict that it will occur in 2020.

 



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