Skip to content
  • About Us
  • Contact Us
  • Press Release

The Global News Press

Daily Source of Industry News & Updates !!

  • Top Stories
  • Health
  • Science
  • Technology
  • Press Release
  • Toggle search form

No Recession Likely In This Year And US Economy To Grow At 1.8% In 2020

Posted on December 19, 2019December 17, 2019 By Jorge Sipple No Comments on No Recession Likely In This Year And US Economy To Grow At 1.8% In 2020

The business economist of the nation have said that they expect the economic growth in the United Nations to be decelerated in the current year and the next year but, at the same time, have predicted that there will be no recession, which means that the country is going to go into their 11th continuous year of expansion.

A survey which had been taken of 53 forecasters has shown that there is an expectation of the economic growth to go slower from a pace of 2.9% in the previous year to 2.3 % in the current year which is 2019 and then for 2020 it has predicted a rate of 1.8%. These forecasts have stayed unchanged from the survey which had taken place earlier in the year in the month of October.

The economists had put their odds of this year seeing the beginning of the recession at 5% in the year and 21% by the first half of the year 2020 and at 43 % for it to begin by end of 2020.

They have pegged the odds of a recession at 66% for the year 2021 in the middle of the year.

The economy of America is expected to stay resilient in the current year and also the next as per the survey despite the risks which have come from the trade war that President Trump has initiated with China and the other skirmishes which they have had with the trade partners of the United States.

Most of the experts have said that the trade tensions are going to be the biggest risk when it comes to economic growth, which is going to be there till the end of the upcoming year.

Jorge Sipple
Jorge Sipple
Technology, Top Stories Tags:No Recession Likely In This Year And US Economy To Grow At 1.8% In 2020

Post navigation

Previous Post: General Motors Helps Lordstown Motors At Ohio Plant With Loan
Next Post: Oracle Corp. sees drop after they struggle with revenue

Related Posts

Global Cochlear Implants Market Revenue To Hit US$ 2.6 Billion By 2027 Digital Journal
Global Polyacetal Resin Market Revenue To Hit US$ 9.95 Billion By 2027 Top Stories
Global Invisible Orthodontics Market Revenue To Hit US$ 4,309 Million By 2027 Digital Journal
Global Microbial Fermentation Technology Market Revenue To Hit US$ 2,244.20 Million by 2027 Digital Journal
Mobile Payment Technology Market : Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2027 Digital Journal
Global Employee Onboarding Software Market is Increasing by a CAGR of 12% During 2020 -2027 Top Stories

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Data recoverers crack Apple’s M1 chip
  • Global Electrosurgical Generators Market Manufacturers and suppliers, Geographical insights and Competitive landscape 2022-2028
  • Global Biometric Payments Market Growth will Accelerate at CAGR value, SWOT Analysis and EBITA Analysis | Know More
  • Global Hyperhidrosis Treatment Market by Historical data, Financial reports of key industry players and Industry journals | Know More
  • Global Robo-Taxi Market by Industry experts, Strategic decision makers, Manufacturers and suppliers and Channel partners|Know More

Who We are

The Global News Press is a news platform that offers a detailed report on every global affair in a unique and conversational way. While we are one of the key news providers all across the world, the enormous number of our followers is the end product of our consistent, true, and trustworthy news reporting service. Besides covering all the happenings around the world only after checking the authenticity of each news report, we see that the platform is not used for the purpose of spreading hatred or propaganda.

Company

  • Home
  • Contact Us

Copyright © 2023 The Global News Press.

Powered by PressBook Grid Blogs theme