A Recession is Coming, But When? - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

A Recession is Coming, But When?

Posted: Updated:

SALISBURY, Md. - Economists are predicting a recession in the U.S., but now experts are trying to figure out when. 

Between the recent trade war with China and increased consumer spending, President and CEO of the Salisbury-Area Chamber of Commerce Bill Chambers says all signs point towards a downturn.

"Something is coming, all the indicators point to it, it's just a matter of how deep will it be this time," Chambers said.

Chambers says the Eastern Shore, along with other rural communities in the U.S., are normally the first to see a downturn, but the last to get out of a recession.

"So it's a perfect storm, we have rising wage rates mandated by legislation in the state of Maryland and we have an economy now that is slowly shrinking; it's contracting," Chambers said.

Dr. Memo Diriker with the business analyst group "BEACON" at Salisbury University says experts believe the recession will come before or after the upcoming presidential election.  Diriker says the Trump administration will likely wait until after, but that will hold up any mitigation efforts. 

Chambers says a recession will likely affect jobs for young people and seasonal workers. 

"Small businesses that support these larger entities are freezing positions and they're looking long term about the implications of a recession," Chambers said. 

Chambers says the best thing for businesses to do in preparation is to watch your borrowing and manage cash flow. 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Windsurfer Spends Night Stranded on Dewey Beach

    Windsurfer Spends Night Stranded on Dewey Beach

    Sunday, October 13 2019 6:09 PM EDT2019-10-13 22:09:23 GMT
    Monday, October 14 2019 7:35 AM EDT2019-10-14 11:35:25 GMT
    A windsurfer spent a night stranded on Dewey Beach after his sail broke and could not get help.More
    A windsurfer spent a night stranded on Dewey Beach after his sail broke and could not get help.More
  • 3 Men Killed in Bridgeville Crash

    3 Men Killed in Bridgeville Crash

    Sunday, October 13 2019 9:09 AM EDT2019-10-13 13:09:02 GMT
    Monday, October 14 2019 7:32 AM EDT2019-10-14 11:32:29 GMT
    The Delaware State Police Collision Reconstruction Unit is investigating an early Sunday morning single-vehicle crash in Bridgeville that left three men dead.More
    The Delaware State Police Collision Reconstruction Unit is investigating an early Sunday morning single-vehicle crash in Bridgeville that left three men dead.More
  • H20i is a No Show at Endless Summer Cruisin'

    H20i is a No Show at Endless Summer Cruisin'

    Saturday, October 12 2019 11:30 PM EDT2019-10-13 03:30:24 GMT
    Saturday, October 12 2019 11:36 PM EDT2019-10-13 03:36:02 GMT
    It was a seemingly calm weekend at the Endless Summer Cruisin' car event in Ocean City. Rumors of people returning from the unsanctioned H20i event created a buzz in the area.More
    It was a seemingly calm weekend at the Endless Summer Cruisin' car event in Ocean City. Rumors of people returning from the unsanctioned H20i event created a buzz in the area. More
Powered by Frankly

All content © Copyright 2000 - 2019 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices