{"id":870,"date":"2020-06-17T13:34:10","date_gmt":"2020-06-17T13:34:10","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=870"},"modified":"2020-06-17T13:34:10","modified_gmt":"2020-06-17T13:34:10","slug":"economic-recovery-already-underway","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/economic-recovery-already-underway\/","title":{"rendered":"Is the Economic Recovery Already Underway?"},"content":{"rendered":"
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Is the Economic Recovery Already Underway?<\/p><\/div>\n

The\u00a0Wall Street Journal<\/em>\u00a0just released their latest monthly\u00a0Survey of Economists<\/em>. In an\u00a0article<\/a>\u00a0on the findings, they reported:<\/p>\n

\u201cThe U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.\u201d<\/em><\/p><\/blockquote>\n

Clearly, the latest\u00a0jobs report<\/a>\u00a0from the\u00a0U.S. Bureau of Labor Statistics\u00a0<\/em>confirmed the labor market is outperforming expectations, as it revealed that 2.5 million jobs were added. Directly before the release, experts forecasted that we would\u00a0lose over 8 million jobs<\/em>.<\/p>\n

A second revelation indicating the economy is already about to turn around was also somewhat unexpected. More than 9 out of 10 economists surveyed believe the recovery has already begun this quarter or will begin in the third quarter. Here are the results of the survey question asking when the recovery will begin:<\/p>\n

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Most of the Economists Say the Recovery is Already Underway<\/p><\/div>\n

The survey also asked what type of recovery the economists expect.<\/p>\n

More than 8 out of 10 believe it will be a form of a \u2018V\u2019 recovery:<\/p>\n