United States: thanks to fiscal aid and still extremely accommodative monetary policy, the US economy will likely recover much of the ground lost during 2020, returning to prepandemic levels around mid-year, while the labour market will take longer to recover fully.
Easing restrictions and broadening vaccination campaigns, plus the build-up of extra savings represent an upside risk to consumption growth. Inflation is expected to rise and overshoot in Spring 2021 on transitory factors and then to recede and stabilise in 2020 around slightly higher rates than pre-pandemic (still within comfort range).
You can now read the full whitepaper at the link below
