US economic experts fear facing recession by 2020
As per US Financial experts, it is expected that the US may enter financial recession time by 2020. They have also mentioned that this recession is most likely to take place on account of New protectionist Policies issued for traders. The statements were supported by analyst reports submitted on 3rd June 2019.
As per experts, the new evaluation was officially released by the National Association and was officially studied and evaluated by over 53 economic experts. This was released for CNN news agency before being publicized.
With the current time, it is certain that the US already faces a trade war against China, and so has shifted its focus on other trading countries including Mexico and India.
As per economists, the report submitted was expected to be a surge within the economic recession time. Experts also suggested that recession may only occur after 2020 with a slow start in 2019 end while expected to accelerate by 2020.
Experts have also mentioned that at least 1.9 gross percent increase within the domestic product is expected by 2020. This is expected to be a major downfall for the US economy going down to as much as 3.1 percent by the fiscal year 2019.
As per 56 percent of local traders and economists, the new protectionist's policy is considered as a potential threat for the countries economy for 2019. Remaining 88 percent also pointed out as Trade policy to be a potential threat. Some also pointed out towards Retaliation programs run by separate nations to be responsible for Growth of GDP factor.
As per 14 percent of the economists, the stock market decline is also one of the factors that could affect the global trade market, further slowing down the economy of the US.