Manulife's Greene Sees U.S. Facing a Fiscal Cliff in 2020

The video discusses the temporary boost in US economic growth due to tax and spending bills, predicting a return to a 2% growth rate. It highlights the uncertainty caused by trade policies, which may lead to deferred investments. The potential for a future recession is examined, with corporate debt identified as a likely trigger. The next recession is expected to be less severe than the last, depending on how financial bubbles are managed.

What is the significance of corporate debt in the context of economic stability?

In what ways might the next recession differ from the last one?