Selling Your House Is the Right Move, Right Now Some HighlightsDemand from homebuyers has skyrocketed this year, which means today’s sellers are poised to win big. This ideal moment in
Economists Forecast Recovery to Begin in the Second Half of 2020
Dated: May 29 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.
Alex Ortiz
I started my real estate journey in 2001 as an assistant and in 2004 earned my Real Estate Licence. Since then I have gone through my own buying and selling experience, became an entrepreneur in vario....
Latest Blog Posts
Things to Avoid After Applying for a Mortgage October 22, 2020There are several key things to avoid doing once you've applied for a mortgage. Let's connect to make sure you have the information you
Home Values Projected to Keep RisingAs we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic
Why Today’s Options Will Save Homeowners from ForeclosureMany housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by
Based on information from California Regional Multiple Listing Service, Inc. as of October 24, 2020 11:13 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
