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The U.S. continues to be in a recession that began in February, according to members of the National Association for Business Economics (NABE) in its semi-annual Economic Policy Survey. From July 3 – August 10, the NABE surveyed 235 of its members on the status of the recession, the government's fiscal response to COVID-19, the most important policy issues facing the next administration, and more.
Recession and recovery
The survey found that "nearly two-thirds [66%] of the … members who participated in the August 2020 … Survey believe the U.S. economy continues to be in a recession that began last February," said NABE President Constance Hunter, CBE, chief economist, KPMG. In addition, "80% of panelists indicate there is at least a one-in-four chance of a 'double-dip' recession," according to Hunter.
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