Wolters Kluwer's Blue Chip Economic Indicators Panelists See Lower Probability of Recession
NEW YORK, Feb. 20, 2020 /PRNewswire/ --Panelists for the latest Wolters Kluwer's Blue Chip Economic Indicators found that while worry over a U.S. recession has diminished somewhat, the economy is continuing to experience a slowdown in overall growth.
- NEW YORK, Feb. 20, 2020 /PRNewswire/ --Panelists for the latest Wolters Kluwer's Blue Chip Economic Indicators found that while worry over a U.S. recession has diminished somewhat, the economy is continuing to experience a slowdown in overall growth.
- While the probability of a recession has declined, the Blue Chip panelists indicated that they expect the U.S. economy's growth to slow down to 1.9 percent this year, followed by 2.0 percent in 2021.
- The Wolters Kluwer Blue Chip panelists also indicated concerns around economic growth globally, most notably around issues concerning China.
- "While the trade dispute with China remains the greatest risk to the economy, panelists also raised other risks, with the majority of panelists specifically noting the coronavirus now known as COVID-19," said Joseph Aguinaldo, executive editor of Wolters Kluwer's Blue Chip Economic Indicators.