Opinions of Economists on the Probability of a Recession

Despite signs of inflation easing up, many economists are still expecting the U.S. to fall into a recession. CBS News' Tony Dokoupil and Lana Zak are joined by Harriet Torry, economics reporter for the Wall Street Journal, to discuss the economic outlook. #news #economy #recession CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Paramount+ free: For video licensing inquiries, contact: licensing@veritone.com...(read more)

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As the world economy continues to face threats from geopolitical tensions, trade wars, and other factors, economists are giving mixed signals on the likelihood of a future recession. While some experts predict a looming downturn, others are quick to dismiss the idea of an upcoming recession. According to a recent survey by the National Association for Business Economics (NABE), 72% of economists predict that the next recession will occur by the end of 2021. However, the majority of these economists also believe that the coming recession will be mild, with only 10% predicting a severe downturn. Many economists believe that the current trade war between the United States and China poses one of the greatest threats to the world economy. The disruption of global supply chains, increased tariffs, and uncertain trade policies have already had significant effects on the stock market and international trade. If the trade war continues to escalate, it could lead to a global recession. Other factors contributing to the possibility of a future recession include rising levels of household debt, a slowdown in global growth, and political uncertainty in countries such as the United Kingdom and Italy. Despite these concerns, some economists argue that the global economy is still strong enough to avoid a recession. With low unemployment rates and relatively stable economic growth, many experts believe that the risks of a recession are overstated. Additionally, some believe that while the United States may experience a downturn, it may not necessarily lead to a global recession. The US economy accounts for roughly a quarter of the world economy, which means that a recession in the United States would not necessarily have a significant impact on other countries. Overall, there is no clear consensus among economists on the likelihood of a recession in the near future. While some experts predict a mild downturn, others argue that the global economy is strong enough to sustain continued growth. In these uncertain times, it is important to monitor economic indicators and trends in order to prepare for any potential risks. https://inflationprotection.org/opinions-of-economists-on-the-probability-of-a-recession/?feed_id=86150&_unique_id=6432f4d917e7a #Inflation #Retirement #GoldIRA #Wealth #Investing #CBSNews #economist #economy #inflation #MoneyWatch #recession #wallstreetjournal #RecessionNews #CBSNews #economist #economy #inflation #MoneyWatch #recession #wallstreetjournal