Economists aren’t unanimous in their predictions of an impending recession. According to the October 2019 edition of The Wall Street Journal’s Economic Forecasting Survey, 47.5% of economists surveyed predict the next recession will start in 2020. Twenty-seven percent say it will begin in 2021, while 7.5% and 10% pointed to 2022 and 2023, respectively, as the years for recession.
Regardless of a recession’s exact timing, HR leaders can take several steps to prepare for a potential downturn in the economy.
