In recent months, there are many who have believed that a recession could happen within the next two years. Some 70% of economists and market analysts surveyed last year believed that a recession will occur in 2019 or 2020.
However, the U.S. economy has performed well in the first quarter of 2019 and that has caused some experts to change their thinking on an impending economic slowdown.
Here are a few notable examples:
Anthony Chan, Chief Economist at JPMorgan Chase says “I feel really comfortable that the economy is slowing down this year, but not going into a recession…It doesn’t look, to me, like the odds of a recession are there.”
Dan Baker, Senior Economist at the Center for Economic and Policy Research states, “To sum up the general picture, the U.S. economy is definitely weakening…However with wages growing at a respectable pace, and job growth remaining healthy, we should see enough consumption demand to keep the economy moving forward. That means slower growth but no recession.
And Lisa Shalett, Chief Investment Officer, Wealth Management at Morgan Stanley shares these thoughts: “Im not convinced a recession is coming soon…I see an improving housing market, a rebound in bank lending, a tight labor market, higher oil prices and well behaved credit markets. Al these point to a stable economic outlook.”
We are seeing a stronger economy than many had predicted. That has caused some experts to push off the possibility of a recession further into the horizon. If you want to talk more about what a more stable economic outlook means to you as a buyer or seller, feel free to reach out to me.