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Near-term U.S. economic outlook darkens, slow recovery to follow: Reuters poll

Reuters India Friday, 15 May 2020 ()
An already-dismal near-term U.S. economic outlook has darkened further in the latest Reuters poll of economists, and while a recovery is still forecast for the second half, the economy won't come close to regaining the ground it lost this year.
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News video: In Gloomy Message, Fed's Powell Dials Down Happy Talk

In Gloomy Message, Fed's Powell Dials Down Happy Talk 00:47

Seven weeks ago, Fed Chair Jerome Powell publicly said he expected economic activity would resume in the second half of the year. But on Wednesday, Reuters reports Powell offered a much darker outlook. In an interview webcast by the Peterson Institute for International Economics, Powell warned of...

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