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United States
Publication year - 2021
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12551
Subject(s) - boom , private consumption , economics , stimulus (psychology) , consumption (sociology) , fiscal policy , macroeconomics , environmental science , psychology , sociology , environmental engineering , social science , psychotherapist
An economic mini‐boom is underway, propelled by rapid vaccine diffusion, increased fiscal stimulus, and warmer weather. Expanded vaccinations will allow for a wider reopening of the economy, sparking the strongest economic performance in nearly 40 years. We now expect GDP growth of 7.2% in 2021, up 3ppt from our January forecast. Private consumption should grow 8.4%, its fastest rate since 1946.