Analysis: If a US recession is going to come, Biden should hope it begins sooner rather than later
The typical modern recession lasts 10 months, so an early, short and shallow recession might be Biden’s best bet at a re-election rebound
If a recession is going to come in the next 12 months — and most economists surveyed by Bloomberg say it probably is — then President Joe Biden should hope it begins sooner rather than later.
The last three one-term presidents — Jimmy Carter, George H.W. Bush, and Donald Trump — have all had their re-election hopes felled by an economic downturn.
But the list of presidents who survived recessions on their watch is just ...