Advisors Magazine Issue 105

U.S. Economic Outlook Swift start then downshift in 2021 Likely a moderate pace in 2022

A year jump-started with robust economic growth in the United States, 2021’s initially fast recovery shifted to lower gear as inflation worries, the persistence of the COVID-19 Delta variant, and supply chain woes emerged as speed bumps. Some caution flags are raised for 2022—with most economic forecasts seeing around a 4 percent growth rate for real gross domestic product (GDP)—but that’s still a solid cruising pace.