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What RV Shipments Say About a Possible Recession

They're down 2 years in a row, which happened before last 3 recessions
By Kate Seamons,  Newser Staff
Posted Aug 19, 2019 10:00 AM CDT
In this Aug. 10, 2019, photo, different RVs arrive at the North Dakota State Fairgrounds for the Family Motor Coach Association's convention being held in Minot, ND.   (Ashton Gerard/Minot Daily News via AP)
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(Newser) – Last week saw Wall Street's worst day in 2019—and also saw President Trump telling a crowd in New Hampshire that their 401(k)s will be in far worse shape if Democrats take the White House in 2020. "I don't think we're having a recession," Trump told reporters Sunday per CNBC. "We're doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they're loaded up with money." CNN has other lines: "Most economists actually say we are not going to have a recession. Most of them are saying we will not have a recession but the rest of the world is not doing well like we are doing." The latest on the economy:

  • Is that really what economists are saying? A poll of economists released Monday provides an increasingly yes-and-no answer: ABC News reports the National Association for Business Economics found only 2% of economists think a recession will happen in 2019, a big drop from the 10% who said yes in February. Those who think 2020 will be the year also dropped, from 42% to 38%. But more joined the ranks of the 25% of economists who predicted a recession will kick off in 2021, with that figure growing to 34%.

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