NABE Economists Support Fed, Believe Recession Likely
Aug. 20, 2019
Most business economists expect a recession by the end of 2021.
While most economists expect a recession, they’re split on whether the downturn will occur in 2020 or 2021, according to the August 2019 National Association for Business Economics (NABE) Economic Policy Survey. This is later than predicted in the February policy survey due to the shift in monetary policy. The NABE survey summarizes the responses of 226 members of the organization.
The survey (which was conducted prior to the Federal Reserve’s rate cut on July 31) also reveals that the number of respondents who deem current fiscal policy “too stimulative” (51%) has decreased marginally from February (55%) and sharply from one year ago (71%). According to NABE, the majority of economists polled also express nearly unanimous support for Federal Reserve independence.
Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.
Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...
See how Rosemount™ 625IR Fixed Gas Detector helps keep workers safe with ultra-fast response times to detect hydrocarbon gases before they can create dangerous situations.
