Economics
Wall Street Economists Strike Cheerful Note as U.S. Data Rebound
- Green shoots in the U.S. outlook could help to calm fears
- The improvement comes just in time for IMF spring meetings
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The economic profession’s top brass will descend on Washington this week for the International Monetary Fund’s spring meetings, and they’ll have plenty of problems to chew over.
Growth has been coming in soft across developed economies, and central banks don’t have as much ammunition to combat a recession, should it come, as they’ve historically enjoyed. Productivity gains are weak, and it’s not clear if or when it will pick back up. Brexit still looms large. But if Wall Street analysts and economic shops have it right, private and public-sector economists alike have room for optimism: The data in the world’s largest economy are coming back from the edge of the abyss.