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Blackstone's James Says U.S. May Enter Recession in 2017

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Tony James, president of Blackstone.
Photographer: Michael Nagle/Bloomberg

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By Devin Banerjee and David Carey

November 18, 2015 at 6:33 PM UTC

Updated on

November 18, 2015 at 8:02 PM UTC

This article is for subscribers only.

The U.S. may enter a recession within two years, Blackstone Group LP President Tony James said, as he outlined challenges to economic growth.

“It wouldn’t surprise me if we had one in 2017,” James said Wednesday at Bank of America Corp.’s banking and financial services conference in New York. “I’m turning more pessimistic now. There are a lot of headwinds facing us right now.”