The economic outlook appears to have improved recently, with both the ISM manufacturing and non-manufacturing indices improving to multi-year highs in January. We certainly anticipate a strong first half of this year. Buoyed by the latest round of fiscal stimulus, we expect GDP growth to average in excess of 3% annualised. Nevertheless, we still fear that growth will slow in the second half of the year, as the initial impulse from that stimulus begins to fade.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services