The Coronavirus Economy in Transition: Outlook for 2021-22
Mid-year is approaching. Stimulus money is flowing. The share of the U.S. population receiving virus vaccinations is soaring, “Now Hiring” signs are dotting the landscape, and the Communicable Disease Center has partly relaxed its mask requirement.
Flush with money and less fearful, the American consumer is shopping again. Finally, it seems, the U.S. economy has turned a corner, and we see some blue sky.
Based on what we know now, what is the outlook for the rest of the year and 2022? And what about the construction sector?
How’s the national economy doing?
On April 29, the Department of Commerce’s first estimate for 2021’s first quarter GDP growth came in…