2021 U.S. & Canadian GDP Growth to be Outstanding Provided No Next Wave(s)

The U.S. ‘real’ (i.e., after factoring out inflation) gross domestic product (GDP) decline in full-year 2020 was -3.4% compared with full-year 2019. 2021, however, is shaping up to be much better. Q1 2021 growth, quarter to quarter annualized, was +6.3% and Q2, +6.5%.

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