More than Half of Economists Predict a Recession by 2020
January 10, 2019
A new survey from the Wall Street Journal found that economists, on average, 56.6 percent of economists expect the U.S. economy to enter a recession by 2020. A quarter sees a recession even nearer on the horizon, and think that we will see one sometime within the next 12 months.
This marks the highest level of economists who predict an impending recession since 2011, and a dramatic increase from last year, when just 13 percent of economists felt the same way.
Whether the economy slows enough to enter a recession, nearly all, 84 percent, of the economists surveyed expected a marked slowdown in economic growth. On average, they predicted GDP growth of 2.2 percent in 2019, slowing even further to 1.7 percent in 2020.