Expert sees no recessionary signs for next 12 months

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U.S currently in longest period without a recession in history.

Nov. 22, 2019 | By Danielle Nelson

The United States is in the midst of the longest period without a recession in history, and there is no sign of the economy yielding in the near future, according to a financial expert.

Nicholas Juhle, vice president and director of research at Greenleaf Trust, said a recession, by definition, is when there are two consecutive quarters of economic contraction, and he believes there will not be a recession within the next 12 months. Recessions tend to last a year, and recent history has shown that it mostly occurs every five years, per Juhle.

 

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