US needs second round of fiscal stimulus to preserve jobs - Reuters poll
|The US economy is recovering smartly from the deepest recession on record, however, it needs another round of fiscal stimulus ahead of the upcoming presidential election to preserve jobs, the latest Reuters poll of over 100 economists suggests.
The number of Americans filing for unemployment benefits unexpectedly climbed back above one million last week, the official data released on Thursday showed.
Key points
The US economy is expected to grow 18.8% in the third quarter following second quarter's record 32.9% contraction.
The economy is expected to grow 6.1% in the fourth quarter, slightly slower than the 6.5% rate predicted in July.
More than half of respondes said the US economy would take two or more years to reach pre-coronavirus pandemic levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.