Back Where It All Began…Almost

Conclusion

The momentum coming out of Q1 appears to be strong and is setting the stage for potentially faster growth in not only the second quarter but for 2021 as a whole. Increasing vaccination rates, unprecedented fiscal stimulus and the Fed’s “pedal to the metal” monetary policy are certainly all important driving factors. In addition, as lockdowns get lifted, consumer demand and fixed investment appear poised to continue their breakout. In other words, it’s looking increasingly likely the next time I blog about U.S. real GDP, economic growth will be above pre-pandemic levels and, more importantly, reaching new highs.

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