US economy .. Experts: Next worse
WASHINGTON (Reuters) - Many economists predicted a recession in the US economy for the next two years, although at the same time they believe that the decisions of the US Federal Reserve can delay it, according to a poll published on Monday.
Of the 226 experts polled by the National Association of Business Economists, 38 percent expected the first global economy to enter a recession in 2020, 34 percent predicted a recession in 2021, and 14 percent thought it would happen any further.
In contrast, only 2 percent expected the US economy to enter a recession in 2019, compared to 10 percent in a previous poll conducted in February.
"People polled expect economic growth to expand through a change in monetary policy" by the Federal Reserve, which cut interest rates for the first time in 11 years in late July, said Constance Hunter, president and chief economist at KPMG.
According to the survey, 46 percent of economists expected a new rate cut by the central bank by the end of the year, while 39 percent thought the Fed would end 2019 without changing interest rates.
On July 31, the US central bank cut key lending rates and stabilized them by 2 to 2.5 percent.