We Know Another Recession Is Coming. And We’re Still Not Ready.

Economists Say America’s Next Economic Downturn Won’t Be as Bad as the Great Recession. But It Will Be Worse Than It Has to Be.

Panelists at a Zócalo/UCLA Anderson School of Management event gathered in downtown Los Angeles to investigate the question: Is America ready for the next recession?

The decisive answer: No.

The panelists, speaking before an overflow crowd at the RedZone at Gensler, agreed that while we are better prepared than we were before the Great Recession, there is still significant planning to be done.

While the standard definition of a recession is two consecutive quarters of negative GDP growth, UCLA Anderson economist and statistician Ed Leamer asked the audience to think …