Report: Economic Fallout Due To COVID-19 Comes Into View In U.S.

April 13, 2020
National Association for Business Economics releases results of flash survey.

The National Association for Business Economics (NABE) releases its April 2020 Outlook Flash Survey report. The survey report presents the consensus macroeconomic forecast of a panel of 45 professional forecasters to a flash version of the NABE Outlook Survey. The survey was conducted between April 3-7, 2020 and covers the quarterly outlook for 2020 and 2021.  

The economic fallout due to COVID-19 is just now beginning to come into view in the U.S., with the first official statistics indicating swift and sharp declines in economic activity, as evidenced by the March employment report. The massive fiscal and monetary response surely will soften the economic damage, according to NABE, but only to a degree, as the U.S. economy remains essentially shut down. Economic forecasters, like everyone else, are searching for signs that a containment of the outbreak is within reach, with the hopes that broader economic activity might resume at some point thereafter.

Members of the NABE Outlook Survey Committee will present a debrief of the results of the NABE Outlook Flash Survey of U.S. macroeconomic forecasters. The NABE Outlook Flash Survey Webinar: NABE Roundtable Discussion: U.S. Macroeconomic Update & The NABE Outlook Flash Survey Results will be held on Monday, April 13 at 3 p.m. EDT. Attendees will have the opportunity to ask questions during the call.   

Speakers are:

NABE President Constance Hunter, CBE, Chief Economist, KMPG

NABE Outlook Panelist Robert Fry, CBE, Chief Economist, Robert Fry Economics, LLC

NABE Outlook Survey Analyst Jack Kleinhenz, CBE, Chief Economist, National Retail Federation

NABE Outlook Survey Analyst Sara Rutledge, Managing Director, Real Estate Products, StratoDem Analytics

NABE Outlook Panelist Chris Varvares, Vice President & Co-Head of U.S. Economics, IHS Markit 

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