World economy headed for recession in 2019?

A new report authored by Michael Snyder suggests that the world may be headed into an economic recession in 2019 if things don’t change. 

Bran Sorem/Flickr

In the report, the seasoned pundit writes:

Global economic activity has been slowing down dramatically in recent months, and now the mainstream media is filled with dire warnings that a global recession is dead ahead in 2019.  And without a doubt, things do not look good right now as economic numbers from all over the globe just get bleaker and bleaker.  China’s trade numbers are imploding, Germany is “careening towards recession”, and the government shutdown in the United States is taking a huge toll on the U.S. economy.  In past years, the mainstream media usually tried to put a positive spin on any bad numbers, but now their mood seems completely different.  For example, in a Daily Mail article that was just posted we are told that “the world economy is headed for a recession in 2019 unless something happens”…

Additionally, Snyder points out another telltale sign of the downward trend which was also mentioned in a piece authored by Mac Slavo.

An economist has warned Maryland Senators that a recession is coming and that they should begin to prepare for it. The economist said that the indicators point to the recession happening in mid-2020, perhaps sooner.

Dan White, director of government consulting and fiscal policy research for Moody’s Analytics, told members of the Senate’s Budget and Taxation Committee that there are financial indicators of an upcoming recession according to the Baltimore Sun.

What will 2019 bring? Will the economy hold?

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Author: Lexi Morgan


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