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38% of US Economists Say a Recession Will Happen Next Year

38% of US Economists Say a Recession Will Happen Next Year
38% of US Economists Say a Recession Will Happen Next Year.The news comes from a recent survey by the National Association for Business Economics.The 38% is a small drop from a previous survey earlier this year in which 42% of economists believed a recession would happen in 2020.The most recent poll took place from July 14 to August 1 and involved over 225 participants.It happened before a series of events involving America's ongoing trade battle with China.They include the White House accusing the Chinese government of being a "currency manipulator.".According to the latest survey, only 5% of economists believe the U.S. and China will reach a comprehensive deal in the future.Despite the trade conflict, the United States' economy has remained resilient thus far, with the unemployment rate still very low at 3.7%