
Economic outlook: Looming Recession or Continued Expansion?
A US economic recession is likely not imminent, according to Economist Dr. Charles Ballard who explained the current economic outlook at the May 24th Capitol Issues Forum. The US is experiencing its second longest economic expansion at 107 months, which began in June 2009. The years 1991 – 2001 experienced 120 months of growth and, according to Ballard, could be overlapped by the current expansion before another recession hits. “In the words of Yogi Berra,” Ballard joked, “‘