White House economist says recession forecasts don't make sense
It is puzzling that so many private-sector economists are forecasting a recession in 2020, Casey Mulligan, chief economist of the White House Council of Economic Advisers, said Thursday. A survey released by the National Association for Business Economics on Monday ahead of a conference showed that 42% of the economists expect the economy will sink into a recession in 2020 and 25% predicted the downturn would start in 2021.
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