Most economists believe the United States will tip into recession by 2021, a new survey shows, despite White House insistence the economy is sound.
Nearly 3 out of 4 economists surveyed by the National Association for Business Economics expect a recession by 2021, according to results released Monday. The outlook reflects growing skepticism among economists and investors that the U.S. economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global outlook.
Hedge fund manager Ray Dalio, the founder of Bridgewater Associates, told CNBC last week that he now believes there’s a 40 percent chance of a recession before the 2020 election. In February, he had estimated that figure to be 35 percent.
Recent comments