Gary Shilling warns US recession is almost inevitable by end-2026

1 articles · Updated · Fox Business · May 5

He told Business Insider stocks could fall 20-30%, citing a frozen housing market, slowing capital spending and strained consumers.
Shilling said broader capital expenditure growth slowed to 3.9% by end-2025 from a pandemic peak of 24%, while March inflation rose 0.7% month on month and 3.5% annually.
He said fiscal stimulus or a stronger consumer could avert a downturn but saw both as unlikely. Other economists remain split, with Leon Cooperman also warning of recession while Alicia Levine disagrees.

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