U.S. Economic Outlook: Optimistic for a Rapid Recovery

We believe a lot is riding on the coronavirus vaccine

Preston Caldwell 6 January, 2021 | 8:42AM

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In the past six months, consensus expectations have essentially converged to our optimistic view on the U.S. economic recovery. We expect U.S. GDP to drop 3.4% in 2020 but surge back in 2021 and experience further catch-up growth in following years. By 2024, we think that U.S. GDP will recover to just 1% below our pre-COVID-19 expectation.

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About Author

Preston Caldwell

Preston Caldwell  Preston Caldwell is an equity analyst for Morningstar.

 

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