Executive Briefings > United States
Generous fiscal stimulus and significant improvements in health conditions should support an unprecedented rebound in consumer spending and steady housing activity in 2021. In response, business investment and employment are expected to accelerate significantly over the summer. We have revised our GDP growth forecast up by 0.5ppts to 7.7% in 2021, the fastest rate since 1951. We have also increased our 2022 GDP forecast by 1.1ppt to 4.5% to reflect the expected lift from President Joe Biden's American Jobs Plan.
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