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Third Quarter 2021 Survey of Professional Forecasters Predict Lower Current-Quarter Growth, Followed by Stronger Growth over Subsequent Quarters

From the Philadelphia FedThe U.S. economy for the current quarter looks weaker now than it did three months ago, according to 36 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The panel predicts real GDP will grow at an annual rate of 6.8 percent this quarter, down 0.7 percentage point from the prediction in the last survey. ....

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The Economic Recovery Is Here. It's Unlike Anything You've Seen. | Hellenic Shipping News Worldwide


The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen.
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Businesses and workers are poised to emerge from the downturn with far less permanent damage than occurred after recent recessions, particularly the 2007-09 downturn.
New businesses are popping up at the fastest pace on record. The rate at which workers quit their jobs a proxy for confidence in the labor market matches the highest going back at least to 2000. American household debt-service burdens, as a share of after-tax income, are near their lowest levels since 1980, when records began. The Dow Jones Industrial Average is up nearly 18% from its pre-pandemic peak in February 2020. Home prices nationwide are nearly 14% higher since that time. ....

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The Economic Recovery Is Here. It's Unlike Anything You've Seen.


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Dow Jones
By Gwynn Guilford and Sarah Chaney Cambon
The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Businesses and workers are poised to emerge from the downturn with far less permanent damage than occurred after recent recessions, particularly the 2007-09 downturn.
New businesses are popping up at the fastest pace on record. The rate at which workers quit their jobs a proxy for confidence in the labor market matches the highest going back at least to 2000. American household debt-service burdens, as a share of after-tax income, are near their lowest levels since 1980, when records began. The Dow Jones Industrial Average is up nearly 18% from its pre-pandemic peak in February 2020. Home prices nationwide are nearly 14% higher since that time. ....

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With economy poised for best growth since 1983, inflation lurks


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