{"id":1393152,"date":"2022-03-22T06:29:35","date_gmt":"2022-03-22T10:29:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1393152"},"modified":"2022-03-22T06:29:38","modified_gmt":"2022-03-22T10:29:38","slug":"economists-rank-inflation-as-top-concern-expect-it-will-persist","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-rank-inflation-as-top-concern-expect-it-will-persist\/","title":{"rendered":"Economists Rank Inflation as Top Concern, Expect It Will Persist"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feconomists-rank-inflation-as-top-concern-expect-it-will-persist%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1393152&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/justthenews.com\/sites\/default\/files\/styles\/social_media_share\/public\/2021-05\/GettyImages-1231809811.jpg?h=ddb1ad0c&#038;itok=agVdk8EC\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Economists across the U.S. expect ongoing inflation as the growth projections for the U.S. economy have plummeted, according to a newly released survey.<\/p>\n<p>The National Association for Business Economics released a survey of 234 economic experts Monday that highlights major concerns about the U.S. economy. The report found inflation ranks as a top worry for economists.<\/p>\n<p>\u201cInflation continues to be of prominent concern for a majority of the NABE Policy Survey panel,\u201d said NABE Policy Survey Chair Juhi Dhawan, Wellington Management. \u201cMore than three out of four (78%) panelists expect inflation to stay above 3% through the end of 2023. When asked about what can be done to mitigate high gasoline prices, 31% recommend releasing oil from the Strategic Petroleum Reserve and almost a quarter (24%) believe no response is necessary.\u201d<\/p>\n<p>The latest economic data showed the highest inflation in about four decades. At the same time, gas prices have risen to new highs in recent weeks.<\/p>\n<p>The report comes after the Federal Reserve recently projected 2.8% GDP growth, a sharp dive from their prediction of 4% growth in December.<\/p>\n<p>President Joe Biden has touted his trillions of dollars in social spending as a means to get the economy back on track, but according to the report, the majority of surveyed economists do not agree with many of Biden&#8217;s major spending items.<\/p>\n<p>\u201cWhen asked which components of the Build Back Better bill (passed by the House of Representatives) should be retained, a slight majority of panelists (52%) favors the $555 billion provision to mitigate climate change, and 44% favor the $400 billion to finance universal pre-K education,\u201d the report said. \u201cForty percent of panelists favor the $150 billion to support affordable housing, and just over a third (37%) supports the $315 billion provision to reduce ACA healthcare premiums and expand Medicare home health care.\u201d<\/p>\n<p>Economists also said Russia&#8217;s invasion of Ukraine will only worsen these economic problems.<\/p>\n<p>\u201cNearly all respondents believe that the war in Ukraine and the sanctions on Russia will have a negative impact on global GDP,\u201d the report said. \u201cForty-five percent of panelists suggest that global GDP will decline by 0.5% or less, while 47% believe that global GDP will decline by more than 0.5%. More than three-fourths of the panelists (78%) expect the escalating conflict in Ukraine will worsen supply-chain bottlenecks, and a majority of panelists also anticipates renewable sources of energy (66%) and fossil fuels (60%) will get a boost as the Russia-Ukraine conflict escalates.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists across the U.S. expect ongoing inflation as the growth projections for the U.S. economy have plummeted, according to a newly released survey.The National Association for Business Economics released a<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1393152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1393152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1393152"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1393152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1393152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1393152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1393152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}