Economists Lower Growth Expectations for First Half of 2021

Economists Lower Growth Expectations for First Half of 2021

Staffing Industry Analysts (12/18/20)

Economists taking part in the biannual Livingston Survey ratcheted down their forecast for US gross domestic product growth in the first half of 2021. They now expect GDP to grow at an annualized rate of 3.7% in the first half of next year, down from their forecast in June of 7.2%.

The survey is released by the Federal Reserve Bank of Philadelphia.

On the other hand, economists in the survey forecast that GDP is rising at an annualized rate of 18.0% in the second half of this year, up from the June forecast of 9.6%.

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