9 reasons the US will have a recession next year [MSN Money]
CORELOGIC (CLGX)
Last corelogic earnings: 4/30 04:15 pm
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investor.corelogic.com/node/668
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Source: MSN Money
© Thinkstock The last recession was nearly a decade ago and seems light years away based on the current economy. Consumer confidence is at an 18-year high. The October unemployment rate of 3.7% is below what experts call “full employment.” The gross domestic product (GDP) has expanded over 3% two quarters in a row. Load Error Despite all of this good news, there are several reasons a recession may start in 2019 and undercut growth in the short term. Not all recessions are a modest decline over several quarters, as the last downturn showed. The Great Recession lasted from December 2007 to June 2009, according to the National Bureau of Economic Research, the organization that officially marks the length of recessions. It was the longest economic downturn since the Great Depression. GDP dropped four quarters in a row, with the sharpest decline in the quarter that ended June 30, 2009, down 3.92%. The national unemployment rate reached 10% in October 2009. In some ho
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