Will This Economic Crisis Have a V, U, or L-Shaped Recovery?Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are
Is An Economic Slowdown In The Cards
Dated: May 9 2019
Views: 165
Mainstream Concerns about an Economic Slowdown Revisited
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.
Victoria Jackson and Mike Shuttleworth
The Steamboat Luxury Team -Vicki Jackson and Mike Shuttleworth Vicki Jackson has been a Realtor for 11 + years and comes from a long line of Realtors. She has specialized in luxury resort and ranc....
Latest Blog Posts
3 Reasons to Use a Real Estate Pro in a Complex Digital WorldIf you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your
Development near base of Steamboat Resort enters city planning processNews | May 28, 2019Frances Hohlfranceshohl@comcast.netA rendering of Thunderhead Station, a proposed development on Ski
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Coldwell Banker Distinctive Properties - The Steamboat Luxury Teamname are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently
