An overwhelming number of economists think a recession will hit the United States by the middle of next year, according to a survey by The National Association for Business Economics (NABE) published on Monday.
The survey (pdf) was conducted between Aug. 1 and Aug. 9 among 198 members of NABE.
It found that 72 percent of economists polled expect a recession to begin by the middle of next year, including 19 percent of those who said the United States is already in a recession, as determined by the National Bureau of Economic Research (NBER).
The NBER defines a recession as a “significant decline in economic activity that is spread across the economy and that lasts more than a few months.”…