Two top economists said that despite contrary predictions, a recession will likely hit the United States in the near future.
“Some economists argue that the strength of the labor market—as well as household balance sheets—will keep the economy strong enough to avoid a recession,” wrote Lakshman Achuthan and Anirvan Banerji, the co-founders of the Economic Cycle Research Institute, in a Friday opinion article. “We disagree,” they wrote, saying that “it remains our expectation that the U.S. economy will enter a recession this year.”
