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Economists confident US economy will return to pre-pandemic levels by second-half of 2021
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NEW YORK — The U.S. economy's growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year.
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That's the view from the latest survey of the National Association for Business Economics. It found that 73% of surveyed forecasters say the economy will return to its pre-pandemic level by late 2021. That's more optimism than they were showing a couple months ago, when just 38% of forecasters said a full recovery could occur before 2022.
Hopes that one or more coronavirus vaccines will roll out soon are helping drive expectations higher, said the survey's chair, Holly Wade.
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