Trump’s prediction of ‘massive recession’ puzzles economists

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.

Politics News Headlines – Yahoo News