September 7, 2021
Numerous economists (e.g. at Goldman Sachs, BofA) have been cutting growth forecasts for this year amid worries about the delta variant and consumer spending.
Unfolding the growth outlooks of better vs. worse from last January of the US:
Covid concerns rising of the US growth worse narrative
Green vs red waves coinciding with reopening vs lockdowns and good vs bad vaccine news
US fiscal stimulus and vaccinations progress boost growth outlook
Delta variant fears emerge” under the most recent red increases
However, the underlying pace of growth expected for this and next years remains solid and several Fed officials (e.g. Rosenberg, Bullard) have expressed their confidence in the US economic recovery and the need for tapering.
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