May Economic Survey Shows a Decline in U.S. Economic Growth and Faster Inflation

Analysts are projecting that the U.S economy will be facing slower growth and faster inflation at the end of 2022, according a survey of economists by the National Association for Business Economics survey on May 23. This latest survey of 53 NABE members was conducted May 2-10 and forecasts worsening developments since the last was taken in February of this year. “NABE Outlook Survey panelists continue to ratchet up their expectations for inflation rates in both 2022 and 2023,” said NABE President David Altig, executive vice president and director of research for the Federal Reserve Bank of Atlanta. “While the…