A recession is coming in 2020 — just in time for Trump’s re-election bid, according to a major financial research firm.
According to economist Mark Zandi, “2020 is a real inflection point,” although things like big tax cuts, increased government spending and global economic expansion should keep the economy strong in the short-term.
Bloomberg has noted fading fiscal stimulus and rising interest rates could make things less ideal once we get to 2020 and could spark an economic contraction just in time for the 2020 election.
“It’s going to make some real good policy making and some luck to avoid a recession in 2020.” Zandi stated.
Meanwhile, Trump has had a very positive outlook stating in Twitter, “The economy is looking really good. It has been many years that we have seen these kinds of numbers. The underlying strength of companies has perhaps never been better.”
Coming from a business background, Trump definitely touts that he can stimulate the economy and make America’s spending much better. But it appears that he policies could lead to problems in the long run. This could definitely cause problems for him in 2020, when he is looking to be re-elected — If the recession hits then, he will definitely be the first blamed.