{"id":81861,"date":"2020-10-05T08:08:00","date_gmt":"2020-10-05T05:08:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/economists-growing-less-optimistic-about-outlook-for-u-s-economy\/"},"modified":"2020-10-05T08:08:00","modified_gmt":"2020-10-05T05:08:00","slug":"economists-growing-less-optimistic-about-outlook-for-u-s-economy","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/economists-growing-less-optimistic-about-outlook-for-u-s-economy\/","title":{"rendered":"#\n  Economists growing less optimistic about outlook for U.S. economy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dd225e9af2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dd225e9af2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/economists-growing-less-optimistic-about-outlook-for-u-s-economy\/#A_man_walks_by_a_pizza_restaurant_while_wearing_a_face_mask_in_Jersey_City_New_Jersey\" >A man walks by a pizza restaurant while wearing a face mask  in Jersey City, New Jersey<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/economists-growing-less-optimistic-about-outlook-for-u-s-economy\/#Greg_Robb\" >Greg Robb<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Economists growing less optimistic about outlook for U.S. economy<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000025116\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-239979?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-239979?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-239979?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-239979?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-239979?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-239979?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-239979?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-239979?width=1260&amp;size=1.5005861664712778\" alt=\"\" title=\" A man walks by a pizza restaurant while wearing a face mask  in...\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"A_man_walks_by_a_pizza_restaurant_while_wearing_a_face_mask_in_Jersey_City_New_Jersey\"><\/span> A man walks by a pizza restaurant while wearing a face mask  in Jersey City, New Jersey<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/figcaption><\/figure>\n<\/div>\n<p>       The road ahead for the U.S. economy looks rockier now than it did in June, according to a survey of economists released Monday.<\/p>\n<p> While growth is expected to continue, a panel of 52 economists has lowered its forecast for the rate of growth for the last three months of this year and for 2021, the National Association for Business Economists said.<\/p>\n<div class=\"paywall\">\n       Economists cut their forecast for October-December growth to a 4.9% annual rate from their prior estimate in June of a 6.8% rate.<\/p>\n<p>For all of this year,  the economy will contract by a  4.3% annual rate.<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n forecast for real GDP growth for 2021 was lowered to a 3.6% annual rate, compared with a 4.8% rate forecast in the last survey in June.<\/p>\n<p>Slower growth will make it harder for unemployed workers to find new jobs.<\/p>\n<p>According to the survey, more than half of the economists think that between 10%-20% of jobs lost during the pandemic won\u2019t come back.<\/p>\n<p>The economy recovered over the summer after the 31.4% decline in the April-June quarter, the largest on record.<\/p>\n<p>Economist forecast growth at a 25% rate in the third quarter. But this was widely expected as the strong initial phase of the recovery that started in May. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Economists are divided over when the economy will return to pre-pandemic GDP levels, with roughly a third saying the second half of 2021, a third saying the first half of 2022 and a third believing it will be towards the end of that year.<\/p>\n<p>The economists think that the risks for the economy  underperforming outweigh the risks it will do better than expected. The biggest concern is a second wave of the coronavirus. <\/p>\n<p>There isn\u2019t much concern about a double-dip recession. Roughly half of the economists say the odds of a double-dip recession are below 20%. Only one out of eight panelists see the odds of another downturn above 50%.<\/p>\n<p>Economists expect the Federal Reserve to hold interest rates close to zero through 2021. More than 70% of economists said they didn\u2019t change their forecast for Fed policy, even with the central bank\u2019s announcement of a new strategy to allow inflation to run above 2% for some time. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Greg Robb\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Greg_Robb\"><\/span>Greg Robb<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-D621CCE0B93E%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Economists growing less optimistic about outlook for U.S. economy &#8221; A man walks by a pizza restaurant while wearing a face mask in Jersey City, New Jersey The road ahead for the U.S. economy looks rockier now than it did in June, according to a survey of economists released Monday. While growth is expected&#8230;<\/p>\n","protected":false},"author":1,"featured_media":81862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-81861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/81861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=81861"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/81861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/81862"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=81861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=81861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=81861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}