Government Shutdown, Trade War Have Doubled Risk of Economic Recession

Despite a recent stock market rally that has seen the Dow Jones Industrial Average rally back toward 24,000, economists are warning that the partial government shutdown and other factors have put the United States economy at its greatest risk of plunging into a recession in more than half a decade. US Recession Grows More Likely as Government Shutdown Lingers According to a new survey conducted by Bloomberg, economic analysts believe there is a median 25 percent chance that the US will enter a recession within the next 12 months, ending an era of economic growth that began in 2009 and is just months away from becoming the longest on record. A growing number of economists believe that, recent Dow recovery notwithstanding, the US is headed into a recession. | Source: Bloomberg “It’s not our call that there’s a recession coming soon by any means, but financial conditions have tightened materially…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE