Economy

With ‘Feel-Better Situation’ for Consumers, Economy Could See Fastest Growth Since 1980s

“With the consumer in good financial health, a sharp demand is expected to unfold over the coming months.”

NRF Chief Economist Jack Kleinhenz

WASHINGTON – With more businesses reopening and bringing employees back to work, the U.S. economy is on firm footing and could see its fastest growth in more than three decades, National Retail Federation Chief Economist Jack Kleinhenz said today.

“While there is a great deal of uncertainty about how fast and far this economy will grow in 2021, surveys show an increase in individuals being vaccinated, more willingness to receive a vaccination, increased spending intentions and comfort with resuming pre-pandemic behaviors like shopping, travel and family gatherings,” Kleinhenz said. “This feel-better situation will likely translate into higher levels of household spending, especially around upcoming holidays like the Fourth of July…

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