38% of US Economists Say a Recession Will Happen Next Year

Credit: Wibbitz Top Stories
Published on August 19, 2019 - Duration: 01:03s

38% of US Economists Say a Recession Will Happen Next Year

38% of US Economists Say a Recession Will Happen Next Year.

The news comes from a recent survey by the National Association for Business Economics.

The 38% is a small drop from a previous survey earlier this year in which 42% of economists believed a recession would happen in 2020.

The most recent poll took place from July 14 to August 1 and involved over 225 participants.

It happened before a series of events involving America's ongoing trade battle with China.

They include the White House accusing the Chinese government of being a "currency manipulator.".

According to the latest survey, only 5% of economists believe the U.S. and China will reach a comprehensive deal in the future.

Despite the trade conflict, the United States' economy has remained resilient thus far, with the unemployment rate still very low at 3.7%

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