What Recession? Professional Forecasters Raise Expectations for 2024
This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
Survey: Business Economists Push Back Recession Forecasts
A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
Business Economists Less Optimistic About Next Year’s Growth
The nation’s business economists are slightly less optimistic about growth prospects over the next year, noting a number of threats ranging from higher-than-expected inflation to lingering disruptions from COVID-19 and snarled supply chains.
Business Economists Lower Growth Forecasts Due to Virus
The nation’s business economists now expect slower economic growth this year due to the widespread delta variant of the coronavirus, while also saying the economy could improve more quickly next year as vaccinations become more accepted.
Survey: Business Economists See Full Recovery by End of 2021
The U.S. economy’s growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.
