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Economists Warn U.S. GDP Won’t Recover To Pre-Pandemic Levels Until 2022
The United States remains stuck in a recession and it will likely take years for economic growth to return to pre-coronavirus pandemic levels, economists surveyed by the National Association for Business Economics (NABE) warned on Monday. • About half of the respondents in the NABE’s August 2020 Economic Policy Survey said that U.S. GDP—the broadest measure of the economy—won’t return to its pre-pandemic level until 2022 or later. • Two-thirds of economists said that the U.S. economy continues to be in a recession that began last February, while others believe that the recession will end in 2020 (35%) or ... (full story)