Displaying items tagged: National Association of Business Economists

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.

West Michigan’s economy plodded along to start 2019, growing slowly as it has been for a decade, according to economist Brian Long’s monthly survey of industrial purchasing managers. Key indexes for new orders and purchases in Long’s report for March eased from February and the index for production “retreated” but remained positive.

Expect the U.S. economy to maintain steady growth through 2018 with continued low unemployment, an even tighter labor market that drives up wages, higher business investment and additional increases in interest rates.