Business economists see US slowing but avoiding recession
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December 8, 2019
WASHINGTON (AP) — The nation's business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year.
The latest survey by 53 forecasters with the National Association for Business Economics shows that they expect economic growth to slow from 2.9% last year to 2.3% in 2019 and 1.8% in 2020. The forecasts are unchanged from the association's previous survey in October.
The economists put the odds of a recession starting at 5% this year, 21% in the first half of 2020 a...
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