Economists Forecast Recovery in the Second Half of 2020

By
Real Estate Agent with Smart Way America Realty AB067859

Economists Forecast Recovery to Begin in the Second Half of 2020

Economists Forecast Recovery to Begin in the Second Half of 2020 | MyKCM

Mortgage applications are up, real estate is already on the rebound throughout many regions of the country. The question that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin.

According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a recovery will begin in the second half of 2020(see graph below):Economists Forecast Recovery to Begin in the Second Half of 2020 | MyKCMThere seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country.

Chris Hyzy, Chief Investment Officer for Merrill notes:

“We fully expect the economy could begin to pick up in late June and July with a strong recovery in the fourth quarter.” 

In addition, five of the major financial institutions are also forecasting positive GDP in the second half of the year. Today, four of the five expect a recovery to begin in the third quarter of 2020, and all five agree a recovery should start by the fourth quarter (see graph below):Economists Forecast Recovery to Begin in the Second Half of 2020 | MyKCM

Bottom Line

The vast majority of economists, analysts, and financial institutions are in unison, indicating an economic recovery should begin in the second half of 2020. Agreement among these leading experts is stronger than ever.

Posted by

Your Trusted Pro in the Poconos, Professional Results You Expect 

Kris Collis, Associate Broker

Smart Way America Realty

East Stroudsburg, PA 18301

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570-801-5525

buysellpocono@gmail.com

Comments (12)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Kris Collis, Associate Broker very good news about economists forecast recovery in the 2nd half of 2020.

May 28, 2020 09:16 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Kris.

Time will tell, I do hope they are right.  

May 29, 2020 01:38 AM
Kris Collis, Associate Broker

Yes, let's hope the spirit and optimism shining through now will will keep moving the economy in the right direction putting people back to work.

May 29, 2020 05:35 AM
Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

Thank you for taking the time to keep us informed and up to date. Wishing you a great weekend ahead! stay safe!

May 29, 2020 01:40 AM
Kris Collis, Associate Broker

same to you Joseph!

May 29, 2020 05:32 AM
Realtyna Inc
Realtyna - Newark, DE
Realtyna- MLS RETS Integration software & services

Hi Kris Collis, Associate Broker, thanks for this report. The sooner the better!

May 29, 2020 02:55 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Kris Collis, Associate Broker I think the economy, at this stage of the game, will be dictated by the control or lack thereof of the corona virus.... another major surge across the country and the economy is dead in the water...

May 29, 2020 03:03 AM
Kris Collis, Associate Broker

Barbara, may all be well, healthy and back to work to save as many businesses as possible.

May 29, 2020 05:36 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kris. Prices have held and activity starting to rise. Real Estate has made it through. Enjoy your day!

May 29, 2020 03:28 AM
Kris Collis, Associate Broker

Something we have all no doubt come to appreciate at a whole new level, Wayne - how real real estate makes it through.

May 29, 2020 05:37 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

We all lost 60-90 days of income , so Agents will be pushing to have a strong 2nd half in 2020 

May 29, 2020 04:36 AM
Kris Collis, Associate Broker

Michael, and based on Hank Lerner's "green" document out today, some of the restrictions may be easing a wee bit more.

May 29, 2020 05:39 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing this report.

Have a great day and a very special weekend.

May 29, 2020 05:29 AM
Kris Collis, Associate Broker

Same to you Roy and may your weekend be special too.

May 29, 2020 05:40 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kris,

Thank you for sharing this positive outlook.  Wishing you a wonderful weekend and a great rest of Friday.  A

May 29, 2020 01:26 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kris Collis, Associate Broker - Let there be hope! Let there be peace. May our country come together and let freedom ring to the tune nobody on earth can forget. I hope the economists are right!

May 29, 2020 09:38 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kris,  I hope you are on target for the next half of the year.  Make it a great weekend.

 

May 30, 2020 08:59 AM
Kris Collis, Associate Broker

Will, not having a crystal ball myself, I'll stay away from making predictions and follow the professional market forecasters. LOL

May 31, 2020 08:36 PM