Government, Business

Chance of US Recession Rises to 35% Among Economists Surveyed

A board above the floor of the New York Stock Exchange President Donald Trump last week announced new tariffs on imported Chinese goods, to take effect Sept. 1, causing steep declines in global stock markets. (Associated Press/Richard Drew)

The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.

Catarina Saraiva | Bloomberg News
August 8, 2019
Government, Business, Logistics

World Economy Edges Closer to Recession as Trade Woes Spread

Truck Qilai Shen/Bloomberg News

The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.

August 7, 2019
Government, Business

ATA Economist Bob Costello: Recession Remains Uncertain, but Expect More Carrier Closures

ATA Economist Bob Costello “The risks of a mild recession have increased,” Costello tells NAFC conference attendees. (Jim Stinson/Transport Topics)

INDIANAPOLIS — Bob Costello isn’t sure that a recession — a downturn that could impact freight and trucking companies across North America — is coming, or when, but the economist senses something is amiss.

Jim Stinson | Staff Reporter
June 12, 2019
Government, Business

Blackstone Group CEO Stephen Schwarzman Sees US-China Deal, No Sign of Recession

Stephen Schwarzman, CEO of Blackstone Group LP (Patrick T. Fallon/Bloomberg News)

The CEO of the world’s largest alternative asset manager is confident the United States isn’t headed toward a recession any time soon and is certain the nation will strike a trade deal with China, Schwarzman said in a Bloomberg Television interview April 18.

Heather Perlberg | Bloomberg News
April 18, 2019
Government, Business, Logistics

Growth Continues, but Risk of Recession Looms Larger, Economist Says

Roadrunner Transportation Systems trailers Roadrunner Transportation Systems via Facebook

ORLANDO, Fla. — Freight brokerage and third-party logistics firms can expect another year of positive business growth before facing an increased threat of recession, according to economist Noel Perry.

Daniel P. Bearth | Staff Writer
April 17, 2019
Government, Business, Fuel

Growth in 2019, but Recession May Be on Horizon, Economist Says

Man walking by empty storefront in Beijing's Central Business District A man walks by an empty storefront in the Central Business District of Beijing on Jan. 12. (Andy Wong/AP)

ATLANTA — Despite a generally strong economic performance in 2018, a global recession could be lurking in the shadows through 2019, a leading economist told attendees at the SMC3 Jump Start 2019 conference Jan. 30.

Jim Stinson | Staff Reporter
January 31, 2019
Government, Business

US Recession May Come Just in Time for Trump’s Re-Election Bid

Olivier Douliery/Abaca Press/TNS

Here’s another reason to circle the 2020 election year on the calendar. It may well be the year of the next U.S. recession.

Rich Miller | Bloomberg News
March 26, 2018
Government, Business

Former Treasury Secretary Warns Next Recession Could Outlast Previous One

Daniel Acker/Bloomberg News

The next U.S. recession could drag on longer than the last one that stretched 18 months. That’s the assessment of former Treasury Secretary Larry Summers.

Catherine Bosley | Bloomberg News
March 1, 2018

US Recession Coming in 2018, Says Asset Management Strategist

David Paul Morris/Bloomberg News

Tighter monetary policy, a strong dollar and wage pressure will help tip the U.S. into recession in 2018, says Vadim Zlotnikov, chief market strategist and co-head of multiasset solutions at AllianceBernstein.

December 21, 2016

Recession Risk Is Rising, Deutsche Bank’s Chief US Economist Warns

Andrew Harrer/Bloomberg News

Standard measures of the U.S. labor market look pretty good. The unemployment rate is low, and job growth has been steady.

Peter Coy | Bloomberg News
October 26, 2016