American economists in the US are expecting brutal economic growth and soaring inflation

American economists in the US are expecting brutal economic growth and soaring inflation

According to the latest survey released by the American Association of National Business Economists (NABE) on Monday This year, the GDP of the United States will grow 6.5%. There had been no such expansion since 1984, and the US economy emerged from a deep recession even then.

Poll respondents expected more modest economic growth of 4.8 percent this year in March. According to unfinished data, the US economy grew at an annual rate of 6.4 percent in the first quarter of this year. Revised data will be released on Thursday, and experts say it will be related to stronger growth.

NABE survey respondents expect an annual economic growth rate of 8.5 percent for the second quarter, after a smaller expansion of 5.2 percent in the previous March survey.

He was asked about another topic, according to economists Consumer prices will rise 2.8 percent this year and 2.3 percent next year, up from 1.2 percent last year.

A week and a half ago, the Labor Department announced that consumer prices rose 4.2 percent in April, the biggest rise since September 2008, after booming demand in the emerging economy affected supply constraints. A month ago, in March, another annual increase in consumer prices of 2.6 percent was measured.

About two-thirds of economists now believe employment levels will reach pre-pandemic levels by the end of this year or early next year, with an unemployment rate of 5.6 percent this year and 4.3 percent next year. In April of this year, the unemployment rate was 6.1 percent in the United States.

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Cover image source: Getty Images.

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