Deutsche Bank economists have raised their 2021/2022 forecasts on US GDP amid expectations of a larger stimulus package.Reuters reports, citing a German bank strategist on Wednesday.
Key Comments:
“They have revised their benchmark expectations for the next fiscal package from nearly $ 1 trillion to $ 1.6-1.7 trillion, with their 2021 growth forecast improved by 1.2 percentage points to 7.5%. (in the last trimester). They have also revised their inflation figures rising a bit more and with upside risks. “
“Expect the Federal Reserve to announce a reduction in its bond buying program at the December meeting with a clear signal at the August meeting. “
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
