US economic outlook - medical and political developments strengthen growth outlook

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This article was written By Fernando Casanova Aizpun, Senior Economist, Swiss Re Institute & Jerome Jean Haegeli, Group Chief Economist, Swiss Re Institute & Thomas Holzheu, Chief Economist Americas, Swiss Re Institute
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We revise up our 2021 growth forecasts as we expect the positive outlook for public health and fiscal policy to outweigh the impact of current COVID-19 cases.

Key takeaways

  • We revise up our growth forecasts from 3.5% to 4.5% and from 2.3% to 2.8% for 2021 and 2022 respectively.
  • Recent medical and political developments are a tailwind for growth in 2021; additional stimulus is likely if needed.  
  • We believe that the new Powell-Yellen-Democratic Party political reality will help growth prospects beyond the pandemic.

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Economic Outlook US economic outlook: medical and political developments strengthen growth outlook

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