Odds of Recession by 2020 Grow

Washington Post: “The National Association for Business Economics’s most recent survey, released on Monday, also found that private sector economists put the odds of a recession starting by the end of 2020 at 60 percent. That’s nearly double the 35 percent odds respondents gave when surveyed in March.”

“Like the latest manufacturing data, this survey was also conducted before Trump announced his Mexico tariffs, which suggests it actually may be understating economists’ present levels of pessimism.”