This Week's State Of The Economy - What Is Ahead? - 10 November 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Nov 17, 2020

This Week's State Of The Economy - What Is Ahead? - 10 November 2020

Outlook Still Depends Critically on COVID

The U.S. election has come and gone, but we have not made any meaningful changes to our economic outlook, which continues to look for further expansion in the U.S. economy in coming quarters. We continue to assume that another fiscal stimulus package will not be forthcoming in coming months. Although we readily acknowledge that the new president and the incoming Congress could legislate further fiscal support, the size and timing of any such package is more or less impossible to forecast at this point. So we make the simplifying assumption that further fiscal support will not be forthcoming, but stand ready to adjust our forecasts higher if another package is signed into law.




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