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Thread: predictions of a recession soon are showing up

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    USFREEDOM911 (06-04-2019)

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    NABE Outlook Survey - June 2019
    NABE Outlook Panel Foresees Favorable Short-Term Outlook
    But Recession Fears Surge amid Rising Trade Protectionism

    The June 2019 NABE Outlook presents the consensus macroeconomic forecast of a panel of 53 professional forecasters (see last page for listing). The survey, covering the outlook for each quarter of 2019 and 2020, was conducted May 6-May 14, 2019. The NABE Outlook Survey originated in 1965 and is one of three surveys conducted by the National Association for Business Economics (NABE); the others are the NABE Business Conditions Survey and the NABE Economic Policy Survey. Founded in 1959, the National Association for Business Economics is the professional association for those who use economics in their work. NABE has over 2,900 members and 40 chapters nationwide. Gregory Daco, Oxford Economics, Chair; Julia Coronado, MacroPolicy Perspectives; Robert Fry, CBE, Robert Fry Economics LLC; Jack Kleinhenz, CBE, National Retail Federation; Chad Moutray, CBE, National Association of Manufacturers; Yelena Shulyatyeva, Bloomberg LP; and Ryan Sweet, Moody’s Analytics, conducted the analysis of survey responses for this report. The views expressed in this report are those of the panelists, and do not necessarily represent the views of their affiliated companies or institutions. This report may be reproduced in whole or in part with appropriate citation to NABE.

    SUMMARY: “Despite a number of mixed economic reports, NABE Outlook Survey panelists believe the U.S. economy will continue to expand,” said NABE President Kevin Swift, CBE, chief economist, American Chemistry Council. “The consensus forecast calls for real GDP growth to slow from 2.9% in 2018 to 2.6% in 2019, and then to 2.1% in 2020. While the panel has turned slightly more optimistic about the outlook since the previous survey, 60% of panelists still view risks to the outlook as tilted to the downside.” “Increased trade protectionism is considered the primary downside risk to growth by a majority of respondents, followed by financial market strains and a global growth slowdown,” added Survey Chair Gregory Daco, chief U.S. economist, Oxford Economics. “Recession risks are perceived to be low in the near term, but to rise rapidly in 2020. Panelists put the odds of a recession starting in 2019 at 15%, climbing to 60% by the end of 2020. While a small majority of panelists anticipates the next Fed move will be a rate hike, the median forecast does not reflect any rate increases until the third quarter of 2020, and a majority of panelists believes weakness in the real economy would be the primary factor driving a rate cut.”

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    yup, Don's last subterfuge up in smoke

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    shipping down according to the trucking industry


    and the Feds talk about lowering rates


    dudes that is not the signs of a good economy

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    Last year Trump and the Conservatives promised 3% growth if we passed their Russia Tax Cut.

    Actual 2018 growth: 2.85%

    2015 growth: 2.88%

    So we had better GDP growth in 2015, when Obama was President and there was no tax cut.

    Conservative policy always fails.
    "Alien is a movie where nobody listens to the smart woman, and then they all die except for the smart woman and her cat. Four stars."

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    Cypress (06-20-2019)

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    oh look, the forum looney tunes are playing around in a thread hoping the economy tanks.

    I'll leave you be
    I VOTED FOR THE WHITE GUY THIS TIME

    C̶N̶N̶ SNN.... Shithole News Network

    WHERES RUTH

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    GDP up
    Unemployment down
    Stock market up

    Leftists down

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    remember the last time they denied a recession was coming


    I turned out to be correct and the entire right here sucked a great big donkey dick

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    Quote Originally Posted by Getin the ring View Post
    oh look, the forum looney tunes are playing around in a thread hoping the economy tanks.

    I'll leave you be
    Not hoping. Just showing the evidence that Trumpian blundering is having real consequences. Trump could actually grow up and learn something. He could rely on trained economists.
    As most rightys,you think anything that is not pro Trump must be hoping he fails. A real American would never point out what is happening. That is not allowed.

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