Economists Forecast Recovery to Begin in the Second Half of 2020

The U.S. economy is on everyone’s minds right now, the question about the country’s financial outlook continue in daily basis. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, Economists Forecast Recovery to Begin in the Second Half of 2020

According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a recovery will begin in the second half of 2020 (see graph below):There seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country.

Chris Hyzy, Chief Investment Officer for Merrill notes:

“We fully expect the economy could begin to pick up in late June and July with a strong recovery in the fourth quarter.” 

Plus, five of the major financial institutions are also forecasting positive GDP in the second half of the year. Today, four of the five expect a recovery to begin in the third quarter of 2020, and all five agree a recovery should start by the fourth quarter (see graph below):

Bottom Line

The vast majority of economists, analysts, and financial institutions are in unison, indicating an economic recovery should begin in the second half of 2020. Agreement among these leading experts is stronger than ever. This is why is a good time to give me a call and see what are your plans for the second half of 2020.

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