US | Economy to experience strongest growth since 1984

A year ago, the US economy plunged into the deepest and fastest economic contraction since WWII. This year, improving health conditions, expanding vaccine distribution, and generous fiscal stimulus will form a powerful cocktail that lifts real GDP growth to its fastest rate since the early 1980s.

What you will learn about:

  • Our GDP forecast following President Joe Biden's $1.9tn American Rescue Plan 
  • How US households will drive the recovery
  • Why the savings rate (flow measure) is expected to fall back to pre Covid levels by early 2022 and the excess savings (stock measure) isn’t expected to be run down rapidly

Topics: United States, Fiscal stimulus, Coronavirus, US economy, Macro Highlights, Heavy Industry, Market Highlights, North America, Biden