Business Economists See US Slowing But Avoiding Recession
Business economists expect U.S. economic growth to slow this year and next, but they say the economy will avoid recession.
If it does, that will extend a record-breaking expansion already in its 11th year.
The latest survey by 53 forecasters with the National Association for Business Economics shows that they expect economic growth to slow from 2.9% last year to 2.3% in 2019 and 1.8% in 2020.
Despite worries over President Donald Trump's trade war with China, the economists put the odds of a recession starting at just 5% this year, 21% in the first half of 2020 and 43% by the end of next year.