Growth during the first quarter most likely expanded at a 2.35% pace based on our RSM economic forecast in contrast with the 2% consensus. This growth, though, is not likely to last. Given the emerging consensus among economists that the economy will fall into a recession this year, a ... READ MORE >
National Bureau of Economic Research
Recovery monitor: Economy set to expand as income and spending close pandemic deficits
The pandemic-induced recession, which was characterized by its speed and severity, is rapidly becoming a memory as the economy shows remarkable signs of regaining its footing. Spending has reached its pre-pandemic level and we anticipate that June will mark the turning point at which the economy moves ... READ MORE >