Sep
30

Growing GDP

While 21Q3 GDP estimates keep getting lowered due to the Delta variant, 21Q4 estimates are being raised somewhat as the Delta variant pushes some spending from 21Q3 into 21Q4. Overall, 2021 GDP is likely to come in at 5.75%, lower than hoped for six months ago, but still not bad at all. 2022 GDP should end up growing well above trend at 3.5% and 2023 at trend at about 2.25%.

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