U.S. | Solid growth in 1Q21 underpins strongest expansion in almost 40 years

Summary

Strong real GDP growth in 1Q21 on the back of massive fiscal support, accommodative monetary policy, a successful vaccination campaign and the reopening of the economy.

Key points

• Key points:
• Real GDP increased at an annual rate of 6.4% in the first quarter 2021
• Strong support from private consumption and investment
• We expect 2Q21 real GDP growth close to 10%
• Economic expansion in 2021 will be the strongest in almost 40 years

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