[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.18.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” custom_padding=”0px||0px||false|false” sticky_enabled=”0″][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”]As promised, we repeated our economic survey to compare results between December 2018 and today.<\/p>\n
<\/p>\n
In December, we noted:<\/p>\n
More than a third of top economic forecasters now predict a U.S. recession in 2020. Some pundits and politicians are predicting a recession as soon as 2019. A few say a recession\u2019s not happening any time soon.<\/em><\/p>\n <\/p>\n <\/p>\n Overall, there is a decreased expectation for a recession in the near term. Though much of this decline is centered on the impact of both the Fed raising interest rates and of the late 2018 stock market decline, respondents appear to believe that the economy\u2019s outlook is improving. This contradicts the National Association of Business Economists report cited above.<\/p>\n <\/p>\n In our March poll update, 40% of respondents believe there is not enough information available to back an opinion of whether there will be a recession or when it may occur. However, approximately 30% of the respondents predict there will be a recession in 2020 with the balance projecting a recession in 2021.<\/p>\n <\/p>\n Thank you for completing the poll. We appreciate your insight.<\/p>\n\n\n
\n <\/td>\n Weighted Average Response<\/u><\/td>\n <\/td>\n<\/tr>\n \n Question<\/u><\/td>\n 12\/2018<\/u><\/td>\n 3\/2019<\/u><\/td>\n Change<\/u><\/td>\n<\/tr>\n \n The Fed is raising interest rates too quickly, a recession will result<\/td>\n 5.86<\/td>\n 4.92<\/td>\n -0.94<\/td>\n<\/tr>\n \n The recent (late 2017) stock market turmoil is a strong indicator that investors are worried about a recession<\/td>\n 6.61<\/td>\n 5.52<\/td>\n -1.09<\/td>\n<\/tr>\n \n The GDP growth in the 3rd<\/sup> quarter 2018 rising at an annual rate of 3.5% shows a recession is far off<\/td>\n 5.40<\/td>\n 5.32<\/td>\n -0.08<\/td>\n<\/tr>\n \n With unemployment at 3.9% in October, wage growth at 3.1% over the last 12 months and the CPI rising 2.5% over the last 12 months, a recession will not occur within the next year<\/td>\n 6.58<\/td>\n 6.52<\/td>\n -0.06<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n