When will the next recession be?
Economists cannot say with precision when the next U.S. recession will take place, but many of the economists feel the economy is still strong and may not face a recession for another couple of years.
According to the National Bureau of Economic Research, the average length of all 33 expansions in the United States since 1854 is a total of 58 months. As of May 1st, begin our 119th month of economic expansion that started in July of 2009. So we have now experienced more than twice as long of an economic expansion as the historical average has been.
What’s so special about our current expansion?
In fact, the longest economic expansion occurred from March of 1991 to March of 2001, which was a total of 120 months. And in June this year, it will mark the longest economic expansion going back to 1854.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.