America's Economic Recovery Gets A Punch In The Gut | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

America's Economic Recovery Gets A Punch In The Gut

A group of business economists' trust in the U.S. economy is fading, a drop inspired by the possibility of a new, vaccine-resistant COVID-19 variant.

A survey published Monday by the National Association for Business Economics shows that its members assume the economy to grow 5.6% this year – down distinctly from their previous estimate of 6.5%. The respondents projected the economy will grow by 3.5% in 2022.

"NABE Outlook survey panelists have moderated their expectations about the prospects for economic growth in 2021 since May," said David Altig, president-elect of the NABE and the director of research at the Federal Reserve Bank of Atlanta.

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