The real estate process has changed a lot over the last few months. Let's connect to set you up for success this summer with new Buyer and Seller.
Economists Forecast Recovery to Begin in the Second Half of 2020
Dated: June 4 2020
Views: 3
With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. 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, expert economists around the country are becoming more aligned on when the recovery will begin.
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.”
In addition, 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.
Tehane Gallimore
Tehane is an investor-friendly real estate agent available for assistance with buying and selling real estate for first-time home buyers and sellers, seasoned customers, and real estate investors.Teha....
Latest Blog Posts
Is it Time to Sell Your Vacation Home?The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a
Technology and good-old-fashioned creativity are helping agents, buyers, and sellers abide by COVID-19 health and safety practices while getting deals done.Some buyers are touring houses virtually.
