Recession or not, HR can take steps to prepare for a downturn

Economists are divided on the question of whether the U.S. economy is headed for a period of contraction — a downturn, in other words. According to a The Wall Street Journal poll, only 4.3% predicted a recession will take place in 2019, though nearly half (45.7%) expect such an event to occur by 2020. One prevailing theory is that global developments, including the U.S.-China trade negotiations, Brexit and other political problems, reflect poorly on future growth, even if a worldwide recession isn't necessarily in the cards, Nouriel Roubini, professor of economics at New York University's Stern School of Business, wrote Friday in an article for The Guardian.