The closely watched NABE Outlook Survey was just released. The new version is called “The June 2020 NABE Outlook.” Among the 44 panelists polled for the survey, the consensus is that second-quarter gross domestic product will drop at 33.5% annualized, quarter over quarter.
The group also said most of the risks of a change in the number are on the downside.
Outlook Survey Chair Eugenio Aleman, economist, Wells Fargo Bank, reported: “The NABE panel remains decidedly pessimistic about the second quarter of the year, as 80% of participants view risks to the outlook tilted to the downside.”
The NABE Outlook Survey is among the most pessimistic issued by any large group of experts on the economy. It included business executives and departments of the federal government.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
