Fine Forecast

Despite job growth stalling, household spending sliding, and Covid-19 spreading, economically speaking 2021 is shaping up well. Exceptionally expansive fiscal policy is/will be critical, as will the unprecedented promise of low rates for much longer from the Fed, which should really boost growth once Sars-Cov-2 is defeated. Moreover, firms are adopting new technologies en masse, which will boost productivity, keeping inflation away, while unemployment should end 2021 at about 5%.