WASHINGTON — A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021.
The economists have previously expressed concern that Trump’s tariffs and higher budget deficits could eventually dampen the economy.The Trump administration has imposed tariffs on goods from many key U.S. trading partners — from China and Europe to Mexico and Canada. Officials maintain that the tariffs, which are taxes on imports, will help the administration gain more favorable terms of trade. But U.S. trading partners have simply retaliated with tariffs of their own.
The financial markets signaled the possibility of a U.S. recession last week, adding to concerns over the ongoing trade tensions and word from Britain and Germany that their economies are shrinking.The economists surveyed by the NABE were skeptical about prospects for success of the latest round of U.S.-China trade negotiations.
As a whole, the business economists’ recent responses have represented a rebuke of the Trump administration’s overall approach to the economy.
What is the end state..? You don't know. All this World debt, and potential for World Currency reset. How does this monopoly game play out..? Show how the widgets should tumble
New Poll: 100% of economists suffering from TDS expect a recession at some point in the future and it’s all Trumps fault
A third of business economists who subscribe to the NYT and read Krugman.
1 3rd of people are also dumb as the idea of hell
2/3 majority of business economists don't expect a recession in the next 2 years. I fixed it for you.
Ahh. Another poll? We’ve heard that one before.