Home » Markets » Inflation, robust job data divides America’s top economists
Inflation, robust job data divides America’s top economists
Housing market holding up ‘better’ than experts’ predictions: Andrew Bary
‘Barron’s Roundtable’ welcomed Jack Hough, Carleton English and Andrew Bary to survey the U.S. economy and housing market following a difficult week for the markets.
America’s top economists are divided on their outlook for the U.S. economy amid persistently hot inflation data and robust job growth.
The National Association for Business Economics (NABE) released the February 2023 edition of its economic outlook survey on Monday, which showcased a wide range of opinions among economists on prospects for U.S. growth, inflation, and a potential recession this year. NABE President Julia Coronado, who is also the president and founder of MacroPolicy Perspectives LLC, said the survey’s results reflect "significant divergence regarding the outlook for the U.S. economy."
"Estimates of inflation-adjusted gross domestic product or real GDP, inflation, labor market indicators, and interest rates are all widely diffused, likely reflecting a variety of opinions on the fate of the economy – ranging from recession to soft landing to robust growth," Coronado added.
FED LIKELY TO TRIGGER A RECESSION WITH HIGHER INTEREST RATES, RESEARCH SHOWS