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

We believe a lot is riding on the coronavirus vaccine

Preston Caldwell 06.01.2021

Man Holding Binoculars

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  is equity analyst at Morningstar.

 

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