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Los Angeles Times
Los Angeles Times
Business
Jon Healey

Americans expect a recession. Should you be worried?

By many metrics, the U.S. economy is chugging along at a healthy clip. The latest readings on some key economic indicators are all good — unemployment is low, quarterly profits are high, home construction is up, retail sales continue to grow, and the gross domestic product showed solid growth.

And yet, a recent survey found that 4 in 5 Americans expect a recession this year.

"People are trying to talk themselves into a recession right now," said David Shulman, an economist who advises UCLA's Anderson Forecast.

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