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Survey: Nearly Half Of Economists Say U.S. Economy Still Faces Considerable Downside Risks Over Next Year

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Times aren’t as tough as they were one year ago during the worst of the coronavirus pandemic, but economists still have a list of worries on their mind — from political division and a growth slowdown to the ongoing coronavirus pandemic.

Over the next 12 to 18 months, risks facing the U.S. economy are tilted toward the downside, according to nearly half (or 47 percent) of economists polled for Bankrate’s Third-Quarter Economic Indicator survey. That was the largest cluster of respondents, with 26 percent seeing risks as tilted toward the upside and another 26 percent judging that risks were evenly balanced.

“It is interesting that many of the experts express concern about the potential for negative developments, including those which would be essentially ‘manmade,’ either in the sense of an ineffective response to the still-present COVID-19 pandemic or a policy mistake among elected officials in Washington,” says Mark Hamrick, Bankrate…

Click here for full article…www.bankrate.com