I disagree with the Xamba’s answer

If you mean collapse in the since of depression, perhaps not. However, a recession like that Of the housing market crash should not be ruled out.

My favorite analogy is the bubble analogy. For the past 8 years, the economy has continued to grow. Many credit Trump with the growth, however, it has been growing since the Obama administration, let’s clear that up.

8 years of growth is an amazing thing for the economy. HOWEVER, growth=inflation. Inflation of prices. Inflation of debt. Inflation of the bubble that is the economy. What happens when a bubble over inflates? It pops. If the economy continues growing at too high a rate for too long it will pop. This is why the federal reserve changes the interest rates every so often. If they didn’t do that, the economy would 1) continue growing at too fast a rate or 2) suddenly stop growing and crash; the former of those two options is more likely the case.

Collapse may not be the correct term, but pop is a better term. Pop can mean a matter of different terms, such as regress/slow or crash, and even collapse. However, we wouldn’t know which term fits the best until that actually happened.

Hope this helps.