{"id":121575,"date":"2021-07-13T11:39:54","date_gmt":"2021-07-13T15:39:54","guid":{"rendered":"https:\/\/www.ucf.edu\/news\/?p=121575"},"modified":"2021-07-13T11:40:31","modified_gmt":"2021-07-13T15:40:31","slug":"high-costs-and-low-supply-from-post-pandemic-surge-to-ease-soon-economist-predicts","status":"publish","type":"post","link":"https:\/\/www.ucf.edu\/news\/high-costs-and-low-supply-from-post-pandemic-surge-to-ease-soon-economist-predicts\/","title":{"rendered":"High Costs and Low Supply from Post-Pandemic Surge to Ease Soon, Economist Predicts"},"content":{"rendered":"

Recent gasoline shortages and big jumps in the cost of living are only temporary, says national economist and Director of Â鶹ӳ»­´«Ã½\u2019s Institute for Economic Forecasting<\/a> Sean Snaith. Unleashed pent-up demand, coupled with insufficient supplies to meet the post-pandemic surge, has sent prices soaring. These disruptions are expected to ease over the next few months, along with the upward pressure on prices, Snaith says.<\/p>\n

The institute releases quarterly U.S. and Florida economic forecasts authored by Snaith. Just released, this year\u2019s Q2 U.S. Forecast includes national economic analyses and projections.<\/p>\n

In this report, Snaith predicts:<\/p>\n