Chart of the Month
2021 1st Half Headwinds, But 2nd Half Tailwinds = 4.6% Real U.S. G.D.P. Growth Possibility
For the better part of 2021, the U.S. economy will remain under the cloud of the Covid-19 virus. Amid greater than normal economic and political (senate control uncertain until 1/21) uncertainty, our base case scenario calls for first-half headwinds and second-half tailwinds. Add it all up and a 4.6% real GDP growth case is quite possible. While certain highly impacted industries and individuals remain vulnerable, the resilience and improved leanness and profitability of others is a powerful force.
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