74% of economists in survey see US recession by end of 2021

[Yo_Mama_Been_Loggin]

WASHINGTON (AP) — 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.

The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn’t share Trump’s optimistic outlook for the economy, though they generally saw recession coming later than they did in a survey taken in February. Thirty-four percent of the economists surveyed said they believe a slowing economy will tip into recession in 2021. That’s up from 25% in the February survey.

An additional 38% of those polled predicted that recession will occur next year, down slightly from 42% in February. Another 2% of those polled expect a recession to begin this year.

In February, 77% of the economists expected a recession either this year, next year or in 2021.

https://apnews.com/3d77bbfda266497699554a754c124735

[Firestorm49]

1. Everybody sure is trying their best to convince us.

[TheRealNorth]

3. Well, you can believe Don the CON

And believe everything is fine. In fact, if you believe Don the CON, sounds like it's a great time to buy- best put your life savings into the market.

[elleng]

2. And the next Dem administration enters to CLEAN UP on aisle 2021!!!

[TheRealNorth]

5. At which time

Republicans will rediscover how much they hate the National Debt and pull out the ole Debt Clock

[elleng]

7. right

[AncientGeezer]

4. 226 corp owned economists out of about 14.6k employed economists..in the U.S

I'm sure the corporation owned Econ's polled have no vested interest in waving a flag...you know, bottom line and all?

I wonder why this number is reduced by 4%...."An additional 38% of those polled predicted that recession will occur next year, down slightly from 42% in February."

[TheRealNorth]

6. It's kind of like predicting next year's super bowl winner

You are a little more certain of who can win the next Superbowl after preseason then at the end of last year's super bowl in February (ie. Before the draft, free agency,etc.)

[AncientGeezer]

9. That works as a valid analogy....still, may as well flip a coin and call "heads...

Pretty much the same possibility over 100 flips

[lame54]

8. Too late

[former9thward]

10. I predict the stock market will have a 10% or more correction some time in the future...

Are these the same "economists" who the media constantly report are "surprised" at whatever monthly economic data are reported?