Most business economists predict the U.S. will fall into a recession within the next two years, a new survey finds.
About half of the 280 business economists polled said they expect a downturn by the end of next year. Roughly 75 percent say it will happen by 2021.
Job growth continues to be brisk, with the average monthly growth expected to be 184,000 in 2019 and 139,000 in 2020.... But not all is good.
By the end of 2020, the number rises to 60%. Because the November election is in the last quarter, if the majority of predictions are right, a recession would begin by then.
Whomever is in office will inherit it 👍🏾
A recession is widespread economic decline that lasts for at least six months. A depression is a more severe decline that lasts for several years.
For example, a recession lasts for 18 months, while the most recent depression lasted for a decade.
There have been 33 recessions since 1854.... Our last Recession occurred from December 2007 to June 2009
Reducing expenses is key!
There are many ways to cut expenses during a recession.
In many cases, you can maintain your same quality of life while focusing on living lean and cutting out extravagant and unnecessary expenses.
It’s Coming... PREPARE 😂
About half of the 280 business economists polled said they expect a downturn by the end of next year. Roughly 75 percent say it will happen by 2021.
Job growth continues to be brisk, with the average monthly growth expected to be 184,000 in 2019 and 139,000 in 2020.... But not all is good.
By the end of 2020, the number rises to 60%. Because the November election is in the last quarter, if the majority of predictions are right, a recession would begin by then.
Whomever is in office will inherit it 👍🏾
A recession is widespread economic decline that lasts for at least six months. A depression is a more severe decline that lasts for several years.
For example, a recession lasts for 18 months, while the most recent depression lasted for a decade.
There have been 33 recessions since 1854.... Our last Recession occurred from December 2007 to June 2009
Reducing expenses is key!
There are many ways to cut expenses during a recession.
In many cases, you can maintain your same quality of life while focusing on living lean and cutting out extravagant and unnecessary expenses.
It’s Coming... PREPARE 😂