Following a steady economic rebound in H1 2021, the recovery should continue but moderate somewhat through the remainder of the year.
Document Highlights
The Conference Board forecasts that US real GDP growth will rise to 7.0 percent (annualized rate) in Q3 2021 and 6.0 percent (year-over-year) in 2021. Our growth forecast for the full year has been downgraded from 6.6 percent year-over-year due to lower-than-expected economic growth in Q3 2021. Looking further ahead, we forecast economic growth of 4.0 percent (year-over-year) in 2022 and 3.0 percent (year-over-year) in 2023. Our forecasts for both years have been upgraded due to our expectations that the recovery period will be extended into 2022 and that a large government infrastructure investment package will be passed soon.
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