US Recession Odds Jump as Trump Trade Wars Bite: Survey
The odds of a US recession by next year have increased sharply, with mounting protectionism continuing to pose the greatest economic threat, according to a business economic survey Monday.
Nearly all the respondents to the quarterly survey from the National Association for Business Economics predicted growth would slow in 2019 but were moderately less gloomy about the risks to their outlook.
However, the poll of 53 economic forecasters from major US corporations and universities was conducted in the first half of May, just as US trade relations with China took a sudden turn for the worse but before US President Donald Trump’s latest threat to impose new tariffs on Mexico in a dispute over migration starting at five percent and quickly increasing to 25 percent.
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