Half of Americans are worried that a major recession is coming: survey

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Half of Americans are worried that a major recession is coming: survey
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The survey results add to the growing body of evidence showing Americans are increasingly concerned about a looming recession.

of Americans thought a recession will come within the next year. That figure is higher than the level of concern expressed before the 2007 recession. Persisting trade tensions, which have led to predictions of slowing global growth from international organizations, including the International Monetary Fund, have contributed to consumers' worries.

Economists are also growing more worried about declining growth. A survey released Monday from the National Associate for Business Economics that 80 percent of economists think that the economy will slow further. Twenty-four think that a recession will start by mid-2020, and 69 percent think one will begin by mid-2021.

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