The U.S. economy grew two and three-tenths percent in 2019, growing every single quarter and upending widespread predictions for a recession last year.
The risk of a recession ranked as the number one concern of corporate leaders, according to a survey of chief executives from the Conference Board released in January of 2019. But that was hardly the only recession forecast.
- Almost half of the respondents at an executive conference held by the New York Times and the Yale School of Management in December 2018 thought the U.S. could wind up in a recession by the end of 2019.
- Almost half of U.S. chief financial officers forecast that a recession would hit the U.S. economy by the end of 2019, according to the Duke University/CFO Global Business Outlook survey released December 2018.
- On average, economists surveyed in January 2019 as part of The Wall Street Journal’s monthly poll said there was a 25 percent chance of a recession in the next year, a big jump from the prior year. The 12-month prediction climbed as high as 35 percent in August.
full story at https://www.breitbart.com/economy/2020/01/30/the-trump-economys-expansion-defied-expert-opinion-again-in-2019/#