Wednesday, August 25, 2021

Short term outlook for the United States economy, August 2021

Preliminary data from IHS Markit show that in August " Private sector expansion slows sharply amid capacity constraints and Delta variant spread".

The  Conference Board Leading Economic Index, published August 19, "...is consistent with strong economic growth in the second half of the year." The CB forecasts real GDP growth of 6% this year and 4% for 2022.

A panel of 36 forecasters surveyed by the Federal Reserve of Philadelphia "...expect real GDP to grow at an annual rate of 6.1 percent in 2021 and 4.4 percent in 2022." ( median forecast) 

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