Despite White House Objections, 70% Of Economists Predict Recession In 2021
Markets Insider reports a new survey reveals the US economy is likely to enter a recession within the next two years.
More than 70% of economists surveyed by the National Association for Business Economists think it will start before the end of 2021.
Stocks dropped sharply last week after a key recession signal flashed for the first time since before the global financial crisis in 2007.
Economists and investors have also become increasingly jittery about escalating trade tensions between the US and China.
That contrasts recent comments from the White House, which has maintained a far rosier view of the economy.