Is there a recession coming in 2020?

Is there a recession coming in 2020?

The global economy will go into recession this year. … The Organization for Economic Cooperation and Development recently slashed its forecast for 2020 growth by half, from 2.9 percent to 1.5 percent, and the IMF has signaled that it will issue a significant revision soon.

Who gets laid off in a recession?

Workers most likely to be laid-off during the most recent downturn were male, were aged 15 to 24, had two years or less of seniority with the firm, had no university degree, were living in the Atlantic Provinces, and were employed in primary industries and construction.