Per CNBC

The CEO of Longview Economics, a financial advisory firm, shared how he believed that a recession was coming. This was reportedly based on the latest US economic data.

Chris Watling, Longview Economics CEO, spoke on CNBC's "Squawk Box Europe," and said he believed a recession would come. He described the leading economic indicators as "pretty compelling" and, at the same time, "brutally bad."

Watling: “Every time you’ve had that in the U.S., you’ve had a recession. So, I think it’s coming, it’s on its way. It’s just a timing issue,”

The Conference Board recently shared how its US Leading Economic Index dropped by 1.2% in March. This would result in the lowest point for the Index since November 2020.

Watling: “The reality is if you look at profit margins, they went to record highs in 2021 and a bit of 2022, and of course when you have a lot of inflation around, you can get very good operating leverage so you can get record high profit margins,”

The International Monetary Fund's first deputy managing director, Gita Gopinath, shared how there were signs of inflation data cooling last week. She still added that a so-called hard landing was still possible.

Jerome Powell has also recently shared that an economic downturn is possible or even likely. He also noted that it was necessary for the economy to cool and for inflation to be slowed down.

Recently, as the US GDP slowed down, US President Joe Biden said that the American dream and economy were strong. This came as there was a 1.1% growth rate for the US economy shown in the first quarter of 2022.

Despite the positive rate, this was still a decrease from the 2.6% growth rate recorded for the fourth quarter of 2022.

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