Recession 2019? Chances of Economic Decline in Next 12 Months Now Highest of Trump Presidency, Experts’ Survey Finds
Excerpt from Recession 2019? Chances of Economic Decline in Next 12 Months Now Highest of Trump Presidency, Experts’ Survey Finds
By Nicole Goodkind On 12/18/2018 at 2:38 PM
Respondents mostly believed that the next recession would be triggered by a combination of rate hikes by the Federal Reserve, increased tariffs due to Trump’s ongoing trade war with China, and general uncertainty driven by the president’s wavering economic message.
Those surveyed generally gave the president higher approval ratings than did the general population, but 52 percent now say they approves of the way the president has handled the economy, down 14 points from the previous survey. About a third said they disapproved of the president’s economic job, up 10 percent.
“The Trump-Navarro Trade War policy is a threat to the entire global growth direction and magnitude,” David Kotok, chief investment officer at Cumberland Advisors, told CNBC.
Read the full article at Newsweek.com