Podcast: Unpacking the Post-COVID Economic Recovery
Economics may be the so-called dismal science, but the latest forecast of ABA’s Economic Advisory Committee is anything but.
Browsing: GDP
Bank Economists Forecast Significant Growth, Return to Full Employment
The nation’s top economists forecast that the economy will grow a robust 7.2% in 2021, before easing to a 3.1% growth rate in 2022, according to the American Bankers Association’s Economic Advisory Committee.
First Quarter GDP Grew 6.4 Percent
Real GDP increased at a seasonally adjusted annual rate of 6.4% during the first quarter…
Fourth Quarter GDP Grew 4.0 percent
Real GDP increased at a seasonally adjusted annual rate of 4.0% during the fourth quarter…
ABA Data Bank: Bank Economists See Strengthening Economic Recovery Ahead
The U.S economy will grow about 4% over the four quarters of 2021, the strongest growth in nearly two decades after the deepest recession since the Great Depression, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee.
Bank Economists Anticipate Strongest Growth in 20 Years in 2021
While the economy remains under the influence of the COVID-19 pandemic, the nation’s top bank economists expect the U.S. economy in 2021 to see its strongest growth in about 20 years.
Third Quarter GDP Grew at 33.1%
Real GDP increased at a seasonally adjusted annual rate of 33.1% during the third quarter…
Second Quarter GDP Shrinks 32.9%
Real GDP contracted at a record seasonally adjusted annual rate of 32.9% during the second…
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.