Economics
U.S. Recession Likely to End Late 2020 or 2021, NABE Survey Says
- Half of panelists expect return to 4Q 2019 GDP level in 2022
- Majority say Congress should extend aid to unemployed
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The U.S. economy will emerge from the recession in the second half of this year or at some point in 2021, and a majority of economists said Congress needs to extend supplemental aid, according to a National Association for Business Economics survey.
Two-thirds of panelists said the economy is still in the recession that started in February, while nearly 80% indicated that there is at least a one-in-four chance of a double-dip recession. The NABE survey summarizes the responses of 235 members and was conducted between late July and early August.