The US economy faces the risk of a recession from time to time. Experts fear that the country’s economy may experience a real downturn next year. Dallas Federal Reserve Bank President Robert Kaplan suggested a possible solution. According to the Fed’s official, the strong consumer may help the US economy overcome potential difficulties. Robert Kaplan also noted that a strong labour market and robust consumer spending can counter the risk of a decrease in business investments, weak manufacturing, and global slowdown.The Dallas Fed president is sure that the American consumers' spending will get the national economy back on track. Kaplan believes that the current situation in the market is quite favourable and therefore, there is no reason to expect a recession in 2020. He also expects the economy to grow by about 2% this year.
