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“The panel is optimistic about a return to economic growth in the latter half of 2020,” said Hunter, who is also the chief economist at KPMG. “Despite a sharp deterioration in labor market conditions, the median forecast suggests conditions will improve by the end of the year with support from aggressive fiscal and monetary stimulus, as panelists expect the Federal Reserve to hold steady on near-zero interest rates through 2021.” (Credit: peshkov/iStockphoto) “The panel is optimistic about a return to economic growth in the latter half of 2020,” said Hunter, who is also the chief economist at KPMG. “Despite a sharp deterioration in labor market conditions, the median forecast suggests conditions will improve by the end of the year with support from aggressive fiscal and monetary stimulus, as panelists expect the Federal Reserve to hold steady on near-zero interest rates through 2021.” (Credit: peshkov/iStockphoto)

The COVID-19 pandemic has pushed the U.S. economy into a recession in the first half of the year, but a recovery will begin in the second half, according to the consensus forecast of 45 business economists polled by the National Association of Business Economists (NABE) in early April.

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