Fears that a recession could hit the U.S. next year are growing on Wall Street, creating a potential headache for President Trump as he seeks to highlight the economy in his bid for a second term.
Economists at Bank of America, Goldman Sachs and Moody’s Analytics in the past few days all raised concerns that a recession between now and next year’s elections is becoming more likely. And they all pointed the finger of blame at Trump’s trade policy.
“I think recession is increasingly likely,” Mark Zandi, chief economist at Moody’s Analytics, said on Monday. “I’d put the odds at just over even for a recession between now and the end of 2020, assuming the president follows through on his tariff threats.”
Full article at: The Hill