Second Quarter GDP Shrinks 32.9%
Real GDP contracted at a record seasonally adjusted annual rate of 32.9% during the second…
Browsing: GDP
Bank Economists Forecast 6% Contraction, with Recovery to Begin in Q3
The nation’s top economists forecast that the economy will experience a 6% contraction in 2020, with conditions beginning to recover sometime around the third quarter after a sharp second-quarter decline, according to the American Bankers Association’s Economic Advisory Committee.
ABA Data Bank: EAC Expects Real GDP to Contract by 5.7% in 2020
However, economists expressed a wide range of views, with little clustering, reflecting the great degree of economic uncertainty of the times.
First Quarter GDP Plunges 4.8%, Contracting for the First Time Since 2014
Real GDP contracted at a seasonally adjusted annual rate of 4.8% during the first quarter…
ABA Data Bank: Bank Economists Expect Deep Q2 Contraction, Followed by Second Half Rebound
Economists’ forecasts are based on the public health models projecting that the U.S. COVID-19 pandemic peaks in May.
Fourth Quarter GDP Grew at 2.1%
Real GDP grew at a seasonally adjusted annual rate of 2.1% during the fourth quarter…
Bank Economists Anticipate Moderating Growth, Stable Interest Rates in 2020
The nation’s top bank economists forecast continued economic growth that would support job growth and wage gains in 2020 and beyond.
First Quarter GDP Grows at 3.2 Percent, Blowing Past Projections
Real GDP grew at a seasonally adjusted annual rate of 3.2 percent during the first…