This Week's State Of The Economy - What Is Ahead? - 25 June 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Jun 26, 2021

This Week's State Of The Economy - What Is Ahead? - 25 June 2021

Well, here we are at the half-way point for 2021.  Maybe it’s just me, but it feels like it got here really quick this year.  Maybe it’s all the turbulence as the economy has whip-sawed back to life.  One week lumber was normal, then more expensive than a precious metal, then back again.  Supply chain bottlenecks continue to cause pain-in-the-necks.  In spite of all the difficulties, the Economic whizzes in the WF Economics team have upgraded their forecast for full-year 2021 U.S. GDP growth to 7.3%.  If this above-consensus forecast comes to fruition, it would be the strongest year of growth since 1951.




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