Displaying items tagged: Research Seminar in Quantitative Economics

University of Michigan economists remain confident that the state’s economy will hold up well over the next two years, even as U.S. economic growth slows and a potential mild recession looms.

University of Michigan economists expect the U.S. economy to move into a mild recession in the second half of 2023, as rising interest rates drag on growth.

University of Michigan economists expect the U.S. economy to experience a “very mild decline” the rest of this year before slowing to near zero growth in 2023.

The U.S. economy that got hammered by the COVID-19 pandemic this spring heads toward 2021 on the rebound, although a surge in cases during the fall and renewal of restrictions in many states may limit economic growth nationally early in the new year.

Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.