The Recession is Coming

As of July this year, our current economic expansion has become the longest in recorded American history. Starting in 2009, the U.S. has seen over 10 years of continued economic growth; unfortunately, this trend may not continue much longer. The oft-repeated praises of this so-called booming economy cover up a pessimistic landscape. Aside from the truism that all good things must come to an end, 2019 has brought many indications that another recession is around the corner.

A survey of 226 business economists found that 74 percent of them forecast a recession by 2021, and around 40 percent say it will arrive in 2020. Trends in the U.S. correlate with the global economy; the International Monetary Fund