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Ed Hyman, a top economist at Evercore ISI, has shifted his economic outlook from a hard landing to a soft landing. Hyman, who previously predicted a recession, has now revised his GDP forecast to positive. This decision was described as 'very difficult' and reflects a significant change in his economic perspective. The change in outlook is based on thorough analysis and hard math reviewed by his team. The decision was reported by Barron's and has implications for market indices like $SPY.
Top economist Ed Hyman no longer sees recession coming, flips GDP forecast to positive https://t.co/YkGv6hYLEQ
Top Economist Backs Off Recession Call. Why He Made the ‘Very Difficult Decision.’ - Barron's Most economists are probably wondering if they should change their outlooks to a recession right about now. Ed Hyman of Evercore ISI, just pivoted to a soft landing from a hard one
$SPY - Top Economist Backs Off Recession Call. Why He Made the ‘Very Difficult Decision.’ https://t.co/hXskcxwFWO