Intentional Growth

10 Year Economic Forecast: 2019 Downturn, 2030 Depression

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ITR Economics’ senior consulting advisor Alex Chausovsky speaks to me today about the current and possible future U.S. economic predictions. We discuss the slow down on its way during the 2020s and the chance of depression in the 2030s. Alex explains why he believes these trends are possible and what a business owner can do to be prepared.

Alex explains how ITR gets their data and what services they offer their clients. These services include consulting, market forecasting, and public speaking.

What you will learn:
  • My visit to the Vistage Summit.
  • Welcome, Alex Chausovsky to the podcast.
  • Alex’s business background.
  • ITR Economics’ mission.
  • How ITR collects their data.
  • The current state of the economy and what to expect in early 2019.
  • The economic slow down of the 2020s.
  • The economic crash of the 2030s.
  • Why recession cycles are predictable.
  • How trade policy affects the economy.
  • The 3 factors that drive an economy.
  • Why immigration is important to the U.S.
  • The industries that are suffering at the moment.
  • The reasons a depression or recession happen.
  • Why timing is everything.
  • Recessions are times of opportunity.
  • How other global economies affect our economy.
  • The steps that can extend government programs such as social security.
  • How healthcare contributes to the problem.
  • “People behave the way they are incented to behave.”
  • Alex’s parting thoughts.
    • Takeaway:

    You need to build your business to sell. Think ahead and plan for economic downturns, upswings, and be a step ahead of any predictions. Learn to be nimble and adjust with the economy.

    Links and Resources

    Big Debt Crises by Ray Dalio

    GEXP Collaborative
    How The Economic Machine Works by Ray Dalio
    Summary: Factfulness: Ten Reasons We’re Wrong About the World–and Why Things Are Better Than You Think by Hans Rosling
    Prosperity in The Age of Decline: How to Lead Your Business and Preserve Wealth Through the Coming Business Cycles by Alan Beaulieu & Brian Beaulieu            
    Vistage Summit
    Alex on Twitter
    Alex on LinkedIn
    ITR Economics
    Alex’s email

    About Alex:

    Alex Chausovsky is a highly experienced market researcher and analyst with more than a decade of expertise across subjects including macroeconomics,

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