Yes and in fact i believe it will happen in the next 4 years cause no econmic expansion has lasted more then 10 years
Despite the speaker, this is correct. There are a number of things, first and foremost a Chinese hard landing, which I would say looks more likely both because and in spite of the fact it has not already happened. The industrial capacity glut persists and drags down industrial growth around the world. The housing bubble is not deflating but rather still growing, and land sales in major cities are
still predicated on
further increases of upwards of 50%+ or more, mortgage lending doubled last year alone. Corporate defaults are rising, and the local government bond prices continue to rise despite their severe and growing indebtedness, to which banks around the world are becoming more exposed.
The financial sector continues to be blinded by short termism and in many ways is unable to see beyond the official GDP figures.
See below:
The word for this is stupidity.
Then there is the tech sector, which is and will continue cooling. Softness in commodity prices, and their impact on employment in many parts of the country, could also contribute to economic headwinds. There are a number of trends that could serve as the impetus for a downturn, but it's virtually guaranteed that there will be one in the next four years. Unless they all turn sour at once, though, I imagine any recession would be fairly mild, given the slowness of this growth cycle.
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