Economic Slowdown Revisted

Dated: May 9 2019

Views: 117

Mainstream Concerns about an Economic Slowdown Revisited

Mainstream Concerns about an Economic Slowdown Revisited | MyKCM

Recently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to purchase a home also agree that a recession will occur this year or next.

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

“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 in 2020 are there.”

Dean Baker, Senior Economist at the Center for Economic & Policy Research

 “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.”

Lisa Shalett, Chief Investment Officer, Wealth Management at Morgan Stanley

“I’m not convinced a recession is coming soon... I see an improving housing market (low rates help), a rebound in bank lending, a tight labor market, higher oil prices and well-behaved credit markets. All these point to a stable U.S. economic outlook.”

Bottom Line

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.

Blog author image

Eric S. Stegall

Thank you for visiting my website. I've been helping families find their place at the the lake for almost two decades. I love introducing new customers and clients to this beautiful area, I get to cal....

Latest Blog Posts

The Lake Pro Team - Lake Keowee Market Update - July 2020

The waterfront home market on Lake Keowee is on fire. We currently have 3 months of waterfront home inventory available for sale. That is in comparison to last year when we had 9 months of.

Read More

Why This Is More Like 9-11 Than 2008

The current situation with the coronavirus reminds me of the days after 9/11 more than the housing and mortgage crash of 2008. Just like with the coronavirus, 9/11 was very unexpected and couldn't

Read More

Happy Friday Seneca - March 13, 2020

Calendar of EventsMarch 14th @ 9am: Clemson Marina's 4th Annual Big Splash EventMarch 14th @ 11am: St. Patrick's Day Festival and ParadeMarch  14th @ 2pm: Every 2nd Saturday

Read More

Seneca - Lake Keowee Weekly Update - March 11, 2020

If you're receiving this weekly email you have already registered on my Lake Keowee Real Estate Pro website. If you are asked to register again just use your current email as your password. No need

Read More