When is the next recession going to start?
It’s on the minds of many according to the chief economist at the Texas A&M real estate research center, Jim Gaines.
In remarks during the chamber of commerce economic outlook conference, Dr. Gaines said the hard data continues to show a growing economy.
Gaines pointed to a slide in his presentation that 2018 was a very good year and there will be a slowdown in 2019, but the slowdown is in the rate of growth.
Gaines says in three months, the United States will set a record for the longest period of economic growth in the nation’s history.
Gaines says the last time he saw the odds out of Vegas, there was a 23 percent probability of a recession this year, which he says is a longshot.
Click below for comments from Jim Gaines.
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