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May 2021 Economic Forecast - Significant Bump


Econintersect s Economic Index forecast sees a bump in the economic rate of growth at the Main Street level driven by government spending - and employment continues to accelerate.
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Analyst Summary of this Economic Forecast
Economic year-over-year growth is about to skyrocket as the data is being compared to the country s lockdown and recession last year - but do not confuse yourself as the underlying rate of growth is not exceeding pre-pandemic levels in most areas.
A recession ends when the economy begins to recover - and the economy is definitely recovering. This may be the shortest recession ever at 2 to 3 months. HOWEVER, the pandemic is not over and the coronavirus will decide when it wants to release the economy from its grip. At this point, the coronavirus is in control of the economy and all forecasts are simple guesses. ....

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March 2021 Economic Forecast - A Small Step Back


Econintersect s Economic Index forecast sees a modest slowing of the economic rate of growth as consumers do not yet seem to be prepared to spend. The media/government message machine is spinning the variants as a potential bomb reinforcing the message to consumers to save for the oncoming rainy day - even though the current rapidly expanding COVID vaccination program should be cause for a rosier message.
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Analyst Summary of this Economic Forecast
The effectiveness of stimulus programs is significantly undermined when the economic brakes are not released. The last stimulus was banked by the majority, and the new stimulus being legislated currently will likely end up in the bank also. This is the main reason that this economic forecast showed a lower growth rate - poor consumer spending. ....

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