摘要: |
AN ANALYSIS ISSUED BY IHS MARKIT LAST MONTH made the case that the trajectory of the ongoing economic activity remains on solid ground in spite of the increasing uncertainty regarding the spreading Delta variant. This was reflected by Joel Prakken, chief U.S. economist and co-head of U.S. economics at IHS Markit, and Chris Vavares, co-head of U.S. economics, in the firm's August U.S. economic forecast. "Despite another downward revision to our forecast of real GDP growth in 2021, and emerging risks posed by the spread of the Delta strain, the current economic recovery remains on solid footing," they observed. "Strong final demand and lean inventories-against the backdrop of expansionary monetary and fiscal policy-support our forecast of 6.1% GDP growth this year and 4.4% next year." As for the impact of the Senate's vote on the Infrastructure Investment and Jobs Act, they said that their analysis suggests the effect on near-term GDP growth of the legislation will be quite modest. Even with the downward GDP revision, these forecast figures still loom large, given where things currently stand, and, of course, where they were prior to the pandemic. |