34% of economists in survey expect a US recession in 2021
WASHINGTON — A strong majority, 74%, 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.
Trump has dismissed concerns about a recession, offering an optimistic outlook for the economy after last week's steep drop in the financial markets. He said Sunday,"I don't think we're having a recession. We're doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they're loaded up with money."
While the economists in the NABE survey generally saw recession coming later than they had in February, the latest survey was taken between July 14 and Aug. 1 — before the financial markets last week signaled the possibility of a U.S. recession, sending the Dow Jones Industrial Average into its biggest one-day drop of the year.
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 25% expected nothing to be agreed upon by the two countries.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
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....
Baca lebih lajut »
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.
Baca lebih lajut »
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.
Baca lebih lajut »
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.
Baca lebih lajut »
‘Soul Train’ Musical Bound For Broadway With 2021 ETASoul Train, the iconic music variety series created and hosted by Don Cornelius beginning in 1971 that showcased black musicians both established and up-and-coming, could make Broadway a stop on it…
Baca lebih lajut »
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.
Baca lebih lajut »