About a third of economists predict a recession in 2020: survey

About a third of economists predict that the US will enter recession in 2020, according to a survey released Monday.

Thirty-eight percent of economists surveyed by the National Association for Business Economics estimated that the world's largest economy would fall into recession next year, down 4 percentage points from a similar survey in February. .

Thirty-four percent of economists predicted that the next recession would begin in 2021, up 9 points from February. Two percent of economists said that an investigation would begin this year, up from 10 percent in February.

The 226 economists, who work primarily for businesses and professional associations, were interviewed between July 14 and August 1, before the warning signs of an impending recession proliferated.

The results of the investigation were first reported by the Associated Press.

Economists have also expressed concern President TrumpDonald John TrumpO – Rourke: Trump propels the US global economy into recession Manchin: Trump has a "golden opportunity" in gun reform The objections to Trump's new rule regarding Immigration has been exaggerated exaggeratedly MORETariffs and higher budget deficits could hurt the economy, reports the AP.

Trump and government officials have, however, rejected widespread warnings of a recession after China's tariff increases during the escalating trade war between the two countries. Authorities rejected claims that tariffs were damaging to US farmers and consumers, saying they were only hurting China, despite contradictory statements from experts and farmers in trouble.

"I do not think we're going to have a recession, we're doing extremely well," Trump told reporters Sunday before leaving New Jersey. A strong economy is crucial for Trump's 2020 re-election campaign.

According to only 5% of economists surveyed, a global trade agreement would result from the latest round of trade negotiations between the United States and China, said the AP. Four percent said that a superficial agreement is possible and nearly 25% do not expect any agreement.

Updated at 10:14