A group of business economists sounded an optimistic note about the state of the U.S. economy this year, with a majority predicting that growth will hit its fastest pace in close to four decades.
Business economists foresee best growth in 37 years
The economy has been showing surprising strength and resilience in its recovery from the devastating pandemic recession.
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON The nation s business economists have grown much more optimistic about the U.S. economy this year, with a majority predicting that increased vaccinations, stronger job gains and further government aid will accelerate growth to its fastest pace in nearly four decades.
A survey being released Monday by the National Association for Business Economics found that its panel expects the economy to expand 6.5% this year. That would be the sharpest such increase since 1984, when the nation was also emerging from a deep recession.
US business economists foresee best growth in 37 years, reveals survey
The nation’s business economists have grown much more optimistic about the US economy this year, with a majority predicting that increased vaccinations, stronger job gains and further government aid will accelerate growth to its fastest pace in nearly four decades.
A survey being released Monday by the National Association for Business Economics found that its panel expects the economy to expand 6.5 per cent this year. That would be the sharpest such increase since 1984, when the nation was also emerging from a deep recession.
The NABE’s findings, based on the responses of 49 forecasters earlier this month, sketched a far brighter picture of the economy than its previous such survey, released in March, did.
Market Strength, NABE Survey, Volume Drop, Crypto Mining, Trading MSFT and AAPL The NABE survey is what moved markets on Monday. Don t let some non-practitioner tell you differently.
May 25, 2021 | 08:01 AM EDT Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present. Marcus Aurelius, stoic philosopher and last of the Five Good Emperors. Maybe, but you are probably better off handling the present with an eye on the future. You re old buddy, Sarge, late-night philosopher, and one of far too many semi-mediocre economists.
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