A number of US business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the US by the end of 2021.
Thirty-four per cent of economists surveyed by the National Association for Business Economics, in a report being released Monday, said they believe a slowing economy will tip into recession in 2021.
That's up from 25 per cent in a survey taken in February. Only 2 per cent of those polled expect a recession to begin this year, while 38 per cent predict that it will occur in 2020.
Trump, however, has dismissed concerns about a recession, offering an optimistic outlook for the economy after last week's steep drop in the financial markets and saying on Sunday, "I don't think we're having a recession."