Trump’s prediction of ‘massive recession’ puzzles economists

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U.S. Republican presidential candidate Donald Trump greets guests as he stops in for breakfast at Miss Katie's Diner, while campaigning in Wisconsin,By Lucia Mutikani WASHINGTON (Reuters) – Donald Trump's prediction that the U.S. economy was on the verge of a "very massive recession" hit a wall of skepticism on Sunday from economists who questioned the Republican presidential front-runner's calculations. In an interview with the Washington Post published on Saturday, the billionaire businessman said a combination of high unemployment and an overvalued stock market had set the stage for another economic slump. "We're not heading for a recession, massive or minor, and the unemployment rate is not 20 percent," said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.

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