Based upon elapsed time since the last recession the USA is due for another recession. However, the US recovery has been exceptionally weak. Previous growth cycles in the USA have had 40% to 90% cumulative GDP growth. The USA is just now reaching 40% cumulative growth. If the USA were to have 80% to 90% cumulative growth in this growth cycle, then the USA could have another eight to ten years before the next recession.
The Atlanta Federal Reserve current GDP Now estimate for third quarter GDP growth is 4.3%. The USA had 4.1% GDP growth in the second quarter. The USA is currently on track about 3.5% to 4.0% GDP growth for all of 2018.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.