Economics
U.S. Recession May Come Just in Time for Trump’s Re-Election Bid
- 2020 is an economic ‘inflection point,’ Zandi of Moody’s says
- Fading fiscal stimulus, rising interest rates seen as risks
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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.
Hefty tax cuts, stepped-up government spending and robust global growth should help insulate the economy against a downturn over the next two years, in spite of last week’s stock-market swoon. That would allow the expansion that began in 2009 to become America’s longest ever.