Economists slash their forecasts for America's growth
CNN
Business economists are marking down their forecasts for US growth this year as the Delta variant takes a toll on the recovery, according to a survey released Monday.
The National Association for Business Economists said the panel of 47 economists it surveyed now expects US GDP growth of 5.6%. Although that's still strong, it marks a downgrade from May when business economists anticipated 6.7% growth. Economists also sharply cut their call for third-quarter growth to an annualized pace of 4%, down from 6.6% in May.
The downgrades reflect the damage from the Delta variant, which has slowed air travel, hotel reservations and office reopenings.
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