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.

How do you make money in a recession?

Although the full extent of its economic impact will not be known for some time, it seems clear to us that the U.S. will enter a recession in 2020, if it hasn't already.

Are electricians recession proof?

In short, no, Electricians aren't recession-proof at all. Electricians aren't recession proof at all.

Are grocery stores recession proof?

Consumer staples, which include toothpaste, soap, and shampoo enjoy a steady demand for their products during recessions. Discount stores such as WalMart Inc. as well as alcoholic beverage companies such as Anheuser Busch InBev SA can be recession-proof.