news.cuna.org/articles/115577-credit-union-national-association-economists-weigh-in-on-the-rising-odds-of-us-economic-recession

Credit Union National Association economists weigh in on the rising odds of U.S. economic recession

February 15, 2019

FOR IMMEDIATE RELEASE

MADISON, Wis., and WASHINGTON (February 15, 2019) – With many economists and business leaders across the country predicting a recession in the next two years, CUNA senior economist Jordan van Rijn provides an in-depth analysis in this month’s CUNA Economic Update, sponsored by CUNA Finance Council.

“The current economic expansion is now in its 9th year and if it continues through July it will become the longest expansion in U.S. history,” says van Rijn in this month’s video. “That begs the question that we often hear: Are we due for a recession?”

In addition to his analysis  on the likelihood of economic decline in the next year, van Rijn also discusses the trends and factors that could potentially influence or precipitate a recession, including:

  • Declining consumer confidence
  • Rising interest rates
  • Record household and corporate debt

The February 2019 CUNA Economic update is complimentarily available to all CUNA members. To watch the video and other past updates, visit cuna.org/economicupdate.

CUNA Economists are available for interview should you have further questions.  

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About CUNA:     
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.    

CONTACT:    

Lauren Williams   
CUNA Communications   
202-672-3396