Author: Stephen Zielinski

U.S. Economic and Market Highlights

THE ECONOMY:

•  Recent vaccine approvals raised hopes for a turnaround in the pandemic later this year. Although renewed waves of the virus pose concerns for the outlook. Amid this uncertainty, the global economy is projected to grow 5.5 percent in 2021, reflecting expectations for strengthening economic activity and additional policy support in a few large economies.

U.S. Economic and Market Highlights

The Economy:

• Activity in the manufacturing and service sectors rose for the seventh consecutive month since the economy reopened last May after the COVID-19 outbreak.

U.S. Economic and Market Highlights

THE ECONOMY:

• The holiday shopping season will be a mixed bag from an economic point of view. Retailers are monitoring the latest public-health data as they continue to navigate the pandemic and its impact on consumer confidence and shopping preferences. Ultimately, a bifurcated, K-shaped recovery means some shoppers are ready to spend while others are holding out for the best value this holiday season.