Reuters / Brendan McDermid
Leuthold Group's Jim Paulsen told CNBC on Tuesday he expects US gross domestic product to grow 6% in 2021 in a "banner year" for the economy.
The chief investment strategist explained that several pandemic relief policies that were implemented in 2020 won't take effect until 2021.
This impact — coupled with the fact that the US currently has a higher savings rate than almost 99% of the time in post-war history — will lead to an economic boom once the vaccine has inoculated a large portion of the US population, according to Paulsen.
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Leuthold Group's Jim Paulsen told CNBC on Tuesday that the US economy will have a "banner year" in 2021.