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