Morrison: Time to Talk About the ‘R’ Word?

As of August, the U.S. economy had grown for 112 months in a row, the second longest growth streak in history. How much longer can that trend possibly continue? Is a recession inevitable? Not any time soon, predicts Lisa Morrison, Principal Economist for the CRU Group.

Speaking at the CRU North American Steel Conference this week in Chicago, Morrison noted that U.S. GDP has rebounded by 23 percent since the 2008-09 downturn. While that is certainly positive, it’s about half the recovery that occurred following the recession in the ‘90s. “So, maybe the current economy has more time to run,” she said.