Economic Impact: National business economists foresee slowdown in U.S. growth

If you’ve ever spent time with a couple of economists, you may walk away thinking they never agree and enjoy criticizing each other’s models and assumptions. After spending a few days with over 300 economists at the National Association for Business Economics conference last week, I walked away with a different view. The possibility of recession and trade wars was a hot topic. An NABE panel predicts the nation will not see a recession in 2020, but that the real gross domestic product growth rate will slow to 1.8% — the first time since 2016 it has fallen below 2% with risks on the downside.