Barro told Maher that the regular cycle of economics didn’t necessarily guarantee a recession near the 2020 election. “Recessions don’t come because they’re due. Recessions come because there’s some kind of overheating — something goes wrong in the economy,” he said.
Barro added that while the president faced a problem in the economy slowing down, he didn’t see any signs that a major recession was on its way.
“The economy won’t be as good going into the election next year probably as it has been this year or last year,” he said. When Barro predicted the economy would still experience growth, Maher indicated that would make it “tough” for Democrats to win.