Global | Consumer goods to lead US growth amid large additional stimulus

Improving health conditions and vaccine distribution, along with a generous fiscal stimulus, will lift real GDP growth to 7% in 2021. Within the industrial sectors, manufacturing will lead with a 7.8% gain, whereas the outlook for utilities and especially mining is less robust.

What you will learn :

  • Improving health conditions and vaccine distribution, along with a generous fiscal stimulus, will lift real GDP growth to 7% in 2021. Within the industrial sectors, manufacturing will lead with a 7.8% gain, whereas the outlook for utilities and especially mining is less robust.

  • Consumer goods will continue to lead the rebound, especially in the first half of 2021. Thereafter an increasing share of household budget will migrate to services such as dining out, travelling and other leisure activities, moving slowly back towards their prepandemic patterns.

  • The automotive sector benefitted strong household spending, although output was been disrupted in Q1 2021 by the global shortage of semiconductors. However, we expect most of the volume to be recouped
    in H2 2021, to register a 20% gain in output for all of 2021. 

Topics: United States, Industry

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