Credit Union National Association economists weigh in on the rising odds of U.S. economic recession
WASHINGTON, DC (February 15, 2019) —
With many economists and business leaders across the country predicting a recession in the next two years, CUNA senior economist Jordan van Rijn provides an in-depth analysis in this month’s CUNA Economic Update, sponsored byCUNA Finance Council.
“The current economic expansion is now in its 9th year and if it continues through July it will become the longest expansion in U.S. history,” says van Rijn in this month’s video. “That begs the question that we often hear: Are we due for a recession?”
In addition to his analysis on the likelihood of economic decline in the next year, van Rijn also discusses the trends and factors that could potentially influence or precipitate a recession, including:
- Declining consumer confidence
- Rising interest rates
- Record household and corporate debt
The February 2019 CUNA Economic update is complimentarily available to all CUNA members. To watch the video and other past updates, visitcuna.org/economicupdate.
CUNA Economists are available for interview should you have further questions.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.