Global and U.S. Economic Commentary
Global economic growth is accelerating and projected to reach 6.1%, and 7.2% in the United States in 2021. Recovery is being fueled by massive fiscal and monetary policy support. With the vaccination rollout gaining pace unleashing trillions of dollars in economic activity.
Global Economy Continues to Grow, Despite Covid
The global economy continued to grow at a firm pace at the end of 2020. Rising COVID cases and renewed lockdowns in many parts of world have so far inflicted only limited damage on the global economy.
July 17, 2020
Buckle Up for Bumpy Recovery
Fundamentally, conditions show a remarkable improvement thanks to the government’s quick fiscal and monetary response. Without question, I think the worst is behind us, but the recovery path remains bumpy.
April 1, 2020
Second Quarter Collapse in Economy Seen as a Transitory Natural Disaster
The 2019 4th Quarter GDP report shows the economy was holding up well before the Covid-19 pandemic. Economists' projections for the next few quarters vary considerably, but most show only one quarter of negative growth.