WASHINGTON - Roughly half the nation’s business economists say they think the U.S. economy will slip into recession by the end of next year, and three-fourths envision such a downturn beginning by the end of 2021. The finding comes from the latest survey by the National Association for Business Economics of its member economists. At the other extreme, only 11 per cent expect the economy to avoid a recession through 2021. But many economists say its modest pace has helped prolong the expansion, in part by keeping inflation in check. But the NABE survey found that 39 per cent of economists foresee one rate increase — and 26 per cent say they think the Fed will raise rates twice this year.

Source: thestar February 25, 2019 05:03 UTC