Blue Chip Economists Drop Macro Forecasts Dramatically But Do Not See US Entering Recession

It’s not often one sees leading economists change their macroeconomic forecasts very substantially, but that isn’t true of the consensus forecasts from the 50 leading economic forecasters polled monthly by Blue Chip Economic Indicators in early May. The group dropped its forecast for real gross domestic product to 2.6% on an annualized basis this year, down from…