The U.S. entered the second quarter of 2021 on track for a robust economic rebound. Vaccine rollouts continue despite short-term disruptions for certain vaccines, and the industries most adversely affected by the coronavirus pandemic are recovering. Policy uncertainty in the U.S. decreased when the new administration took over. And the $1.9 trillion Biden stimulus package has provided further support for the improving economy.
Still, uncertainty remains.
Atradius economic analysts predict that U.S. gross domestic product (GDP) will grow by 7.0 percent for 2021, as the economy recovers. This implies that GDP will return to its 2019 level by year-end. Several risks have significant potential to undermine that projection.
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