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‘A banner year’: US GDP will grow 6% in 2021 as businesses feel the full effect of pandemic relief policies, says a chief investment strategist

Leuthold Group’s Jim Paulsen told CNBC on Tuesday he expects US gross domestic product to grow 6% in 2021 in a “banner year” for the economy. The chief investment strategist explained that several pandemic relief policies that were implemented in 2020 won’t take effect until 2021. This impact — coupled […]
‘A banner year’: US GDP will grow 6% in 2021 as businesses feel the full effect of pandemic relief policies, says a chief investment strategist
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A ‘growth bomb’ is brewing in the US with consumers sitting on $2.5 trillion in savings — and it’s poised to give the economy a huge boost, one Wall Street chief strategist says

The US economy could be set for a surge in growth as consumers start to spend the money they saved during the COVID-19 pandemic, according to The Leuthold Group. When the personal-savings rate has been this high in the past, economic growth has surged, according to historical data from Leuthold. […]
A ‘growth bomb’ is brewing in the US with consumers sitting on $2.5 trillion in savings — and it’s poised to give the economy a huge boost, one Wall Street chief strategist says