US | How much fiscal stimulus ahead of the elections

The pre-election uncertainty surrounding a fiscal stimulus package could represent a watershed moment for the US economy as fiscal stimulus is expiring and employment is slowing.

Without faster job growth – unlikely at this stage of the recovery – or increased fiscal aid, households, businesses and state and local governments will be increasingly susceptible to a deterioration of the health situation.

Download our analysis to find out:

• The paradox between how a lapse in unemployment
  benefits would constrain income and spending, and that the consumer spending rebound has been predominantly driven by low-income families. 
• How the total income could fall below its pre-Covid level just before the elections.
• How the absence of additional fiscal aid could lead to economic scarring.