Economists have never underestimated the US as much as they are right now
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A look at the Citi economic surprise index
You look to economists for signs of what the economy is going to do next. It’s their job. Yet it’s been shocking how much they underestimated the reopening of the economy and the rebound in economic data.
You look to economists for signs of what the economy is going to do next. It’s their job. Yet it’s been shocking how much they underestimated the reopening of the economy and the rebound in economic data.