Most of the nation’s leading business economists predict that the U.S. economy will tip into recession by the end of 2021.
A survey from the National Association of Business Economics released Monday predicts that three-fourths of the association’s 281 members expect a recession by 2021. Although only 10% of the NABE expect a recession in 2019, 42% expect a recession in 2020. Despite the heightened recession risks, most of the economists say the Federal Reserve is on the right path of monetary policy. Three-fourths of the surveyed economists said the Fed’s policy is “about right,” with a majority of economists approving of the Fed’s current inflation target of 2%.