The skies of the U.S. economy are clear and sunny, but many analysts see storm clouds on the horizon.
By many measures, the economy is in its best shape since the Great Recession of 2007 to 2009. Employment hit an 18-year low of 3.8% in May. Average wage growth is widely expected to reach 3% by the end of the year. And the economy is projected to grow nearly 3% in 2018 for just the second time since the downturn.
Yet the economic expansion is the second-longest in U.S. history, leading many economists to forecast a recession as early as next year. Half the economists surveyed last month by the National Association of Business Economics foresee a recession starting in late 2019 or in early 2020, and two-thirds are predicting a slump by the end of 2020. […]
ED
Predictions are like assumptions, but have some data behind them. We are in a very odd time where every story that is positive about the industry, another is negative. Analysts can’t seem to agree on anything.
georgebarber
Predictions are just predictions. No one really knows what tomorrow will bring, never mind what 6 months or 1 year will bring.
The price of oil is fluctuating so much, how can anyone make a prediction. The only thing I can predict with some accuracy and confidence is that the traffic in Jakarta will be tremendous when the majority of people return from the long holiday after the fasting month haha.