According to a Reuters poll of economists, the US economic growth is likely to slow over the coming quarters while reaching the pre-COVID-19 trajectory in a year’s time. Key findings “But in response to an additional question, nearly two-thirds of economists, or 43 of 69, said US GDP would reach pre-COVID-19 levels within a year. Twenty-one said within two years and five said two or more years.” “The wider poll showed GDP for Q3 is expected to remain unrevised at a record 33.1% when the final data is issued later this month, after contracting at an annualized 31.4% pace in Q2.” “For the first quarter the consensus was lowered to 2.5% growth from 3.0% last month, with nearly 11% of respondents predicting the economy would contract in Q1. It was expected to expand 3.8%, 3.9% and 3.4% in the following quarters of 2021, compared to 3.5%, 3.5% and 3.2% predicted, respectively, last month.” “The world’s largest economy was forecast to contract 3.6% this year then grow 3.9% next year and 3.1% in 2022.” “Still, only 21% of 43 economists in response to a separate question expected the Federal Reserve to announce more stimulus at its December meeting. Thirteen economists said the Fed would change its policy next in 2021, six said in 2022 and 15 said 2023.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Commerce Ministry: Will impose temporary anti-subsidies measures on Australian wine imports from Dec. 11 FX Street 2 years According to a Reuters poll of economists, the US economic growth is likely to slow over the coming quarters while reaching the pre-COVID-19 trajectory in a year’s time. Key findings “But in response to an additional question, nearly two-thirds of economists, or 43 of 69, said US GDP would reach pre-COVID-19 levels within a year. Twenty-one said within two years and five said two or more years.” “The wider poll showed GDP for Q3 is expected to remain unrevised at a record 33.1% when the final data is issued later this month, after contracting at an annualized 31.4% pace in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.