Economists expect U.S. growth until COVID-19 vaccine broadly available

CHICAGO, Nov. 19 (Xinhua) -- Economists at University of Michigan (UM) are expecting a rebound in economic activity, falling unemployment and life returning to "close-to-normal" by the end of next year in the United States.

In their annual U.S. Economic Outlook released on Thursday, UM economists forecast the real gross domestic product (GDP) in the United States will rise by 4.2 percent in 2021, against an anticipated 3.6-percent drop in 2020, and real GDP may return to pre-pandemic levels in the second half of 2021.