Mainstream Concerns about an Economic Slowdown Revisited
Recently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to purchase a home also agree that a recession will occur this year or next. However, the U.S. economy has performed well in the first quarter of 2019 and that has caused some experts to change their thinking on an impending economic slowdown. |
Here are a few notable examples:
Anthony Chan, Chief Economist at JPMorgan Chase
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Dean Baker, Senior Economist at the Center for Economic & Policy Research
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Lisa Shalett, Chief Investment Officer, Wealth Management at Morgan Stanley
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Bottom Line
We are seeing a stronger economy than many had predicted. That has caused some experts to push off the possibility of a recession further into the horizon. |
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