US 2020 GDP Could be -2% With Possible Full Pandemic Economic Recovery By End of 2021
- Wellness
- Admin COUPONS
- September 17, 2020
The Philadelphia Federal Reserve published results of a survey of 35 economic forecasters on August 14, 2020. They predicted the US economy would expand at an annual rate of 19.1 percent in the third quarter. This was almost double the prediction of 10.6 percent from the last survey. The forecasters expected real GDP to decrease 5.2 percent in 2020 but to recover and annual rates of between 2.2 percent to 3.5 percent over each of the following three years. The Atlanta Federal Reserve provides daily and weekly updates of forecasts and uses GDPNow metrics to estimate the third-quarter GDP. The
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