Everyone expects a rocky ride for the US economy for the first half of 2021 as the vaccine is distributed and policymakers weigh steps to boost the economy. But, at least according to one account, the recovery will unfold in a series of stages.
John Leer, writing for Morning Consult, says the economy will experience four distinct phases in the year ahead. From January to April, the second coronavirus relief package's initial spending will create a stimulus high as unemployment insurance and stimulus checks offset the virus's negative economic consequences, according to Leer. .
"Consumers across the income spectrum will grow more confident in the economy once the money hits their accounts, driving increases in consumer spending and employment through the middle of April," Leer writes.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
