Economists expect rapid growth in the US economy in 2021
Reuters conducted a survey of more than 100 economists. Its results showed that the majority of respondents predict rapid growth of the US economy this year. It may be the highest in the last 10 years. According to economists, a significant increase in economic activity in the country will be facilitated by a package of incentives worth $1.9 trillion. According to the forecast of the survey participants, by the end of 2021, American GDP may increase by 6.2%.
At the same time, more than half of economists believe that the most serious risk to the US economy remains the coronavirus pandemic. An increase in the number of infections in the coming months could damage the country's economic recovery. Economists estimate that US GDP grew by 5.8% in the first quarter. In the current quarter, it is expected to grow by 8.5%. The US economy may return to its pre-crisis state this year. At the same time, the labor market will need more time to fully recover.