Trump Expresses Optimistic Outlook For Economy Despite Concerns
Seventy-four percent of economists in survey see U.S. recession by end of 2021
A strong majority, 74 percent, 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 percent in the February survey.
An additional 38 percent of those polled predicted that recession will occur next year, down slightly from 42 percent in February. Another 2 percent of those polled expect a recession to begin this year.
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