" 'A lot of worries from September have gone away. There seems to be a temporary truce in trade; the new NAFTA, the USMCA, is passing; housing starts are better; and the stock market broke out, and there is a wealth effect coming from that that will help the consumer,' David Shulman, senior economist for the Ziman Center and UCLA Anderson Forecast, tells GlobeSt.com. 'The recession risks are now lower. If we want to put numbers on it, we would have predicted 45% in September, which is pretty high. Today, we are predicting a 30% chance of a recession, which is a big downgrade.' "
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