Key findings
Overview
Consumer holds the key
What will consumers do with all their savings?
Mixed outlook for investment spending
Would higher taxes crush investment spending?
Housing powers ahead despite recession
Upward pressure on home prices to ease
Pandemic crushes both exports and imports
Greenback set to drop in value
Interest rates at rock-bottom levels until 2023
Deficits as far as the eye can see
Would higher taxes sink the economy?
Labour markets improving but far from normal
Pandemic especially hard on women
Appendix A—Methodology and assumptions