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V-Shaped But Full Recovery Is Long Off 

(Friday, June 12, 2020, 6 p.m. EST) After the disastrous -33.5% economic contraction ends in 16 days, the nation's leading economists expect the U.S. to grow 14.2% in the third quarter, according to the consensus forecast of 60 economists published in The Wall Street Journal today.

The upbeat results from the survey of more than 50 leading public- and private-sector economists contrast with a 5.9% plunge in the Standard & Poor's 500 index on Thursday and a resurgence of Coronavirus across southern and western U.S.

The survey was conducted in the past 10 days by The Journal and is evidence supporting the case that a strong recovery is likely but will be tempered by a slow return to the all-time peak in real gross domestic product of the fourth-quarter of 2019.

The S&P 500 rose +1.3% on Friday but was down -4.9% from last week. It's up 30.5% from the March 23rd bear market low, closing at 3,041.31.

The S&P 500 closed last Friday with a +4.8% weekly gain, The index had gained 3% a week earlier and 3.2% the week before.


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Index
Keeping Perspective In An Unreal Environment
Economic Fundamentals Recovering As Stocks Surged For the Week
Stocks Swing Wildly As Economic Recovery Begins
Dog Days Of Summer In The Economy 
Covid-19 Causes A Good Surprise
The Epidemic Sets The Economy Back About Two Years
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Despite Disastrous Jobs Report, Stocks Surged 1.6% Friday
Amid The Crisis In The Economy, Two Good Anomalies
Business Owners Must Act Now On COVID-19 Relief
Financial Economics With The Epidemic's End In Sight
The Beginning Of The End?
An 11.4% One-Week Gain In Stocks
What Investors Should Expect And A Business Owner Alert 

This article was written by a professional financial journalist for Rekow Management, LLC and is not intended as legal or investment advice.

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