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Forecasts Mostly Bullish for 4Q and 2022

Economic forecasts are firming up for the final quarter of 2021 and for 2022. Here’s a summary of the leading forecast resources.

November 22, 2021

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2021 fourth quarter GDP 7%

Consensus Economics Inc., publisher of

Consensus Forecasts—USA

, reports that U.S. forecasters believe that real GDP will rise at a seasonally adjusted annual rate of 5.2% in the fourth quarter of 2021 and increase by 4.3% in the first quarter of 2022. That compares with a reported annual rate of 2.0% in the third quarter of 2021, and slower than the second-quarter figure of 6.7%. Every month, Consensus Economics surveys a panel of 30 prominent U.S. economic and financial forecasters for their predictions on a range of variables, including future growth, inflation, current account and budget…

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