Executive Briefings > United States
An economic mini boom is underway, propelled by rapid vaccine diffusion, increased fiscal stimulus, and warmer weather. Expanded vaccinations will allow for a wider reopening of the economy, sparking the strongest economic performance in nearly 40 years. We now expect GDP growth of 7.2% in 2021 and 3.4% in 2022, up 0.2ppt and 0.4ppt from our March forecast. Risks to growth in 2022 are tilted to the upside with a version of Biden’s $2.3tn American Jobs Plan likely to pass Congress later this year.
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