What Will Cause the Next Recession?

Neil Irwin: “The economic expansion in the United States celebrated its ninth birthday last month. If it survives another year, it will be the longest on record.”

“But eventually something will kill it. The question is what, and when.”

“While it’s impossible to predict the details or timing of the next recession with any confidence, we can identify some emerging threats to the expansion — and with a bit of imagination, picture how the recession of 2020 (or 2022, or whatever year it ends up being) may unfold.”