The headline statistics for the U.S. economy performed very much as expected in the second quarter and seem to be on track to do the same in the third quarter, even though some of the underlying details of the forecast missed expectations.
Solid economic gains are expected as most sectors return to something closer to normal and consumers become more confident to spend. Business investment and government spending most likely will continue to contribute to real economic growth over the remainder of 2021 but also less so than in the first quarter. Consumer inflation spiked in the first quarter and is expected to remain somewhat elevated over most of the year. the risk of inflation becoming a problem is probably higher than it has been for decades.
Recently the media and market pundits have offered their concerns and perspective on “inflation.” At Stonebridge, we take economic scenarios seriously and inflation is no exception. Read the article to see Stonebridge Chief Economist Daniel Laufenberg, Ph.D. perspective on inflation.
Dr. Laufenberg provides his revisions to previous forecasts and his projections going forward. In this article, he discusses consumer spending, monetary policy, inflation, and the financial markets.
Dr. Laufenberg provides his perspective on how the economy has managed through the challenges of 2020 while also providing his outlook for 2021. In his analysis Dr. Laufenberg examines the future of jobs, vaccination, stimulus and consumer spending.
For this quarter’s Stonebridge Economic Outlook, Dr. Laufenberg provides his perspective on how the economy has dealt with the unprecedented challenge of the coronavirus. With many looking for a return to normal, Laufenberg details what he sees happening for the rest of the year.
For this quarter’s outlook, Dr. Laufenberg provides his perspective on the key factors driving this unprecedented market. As the market and economy continue to face historic changes, he offers his perspective on what to expect for the rest of the year.
Over the past few weeks, investors have been focused on the hope that coronavirus is peaking and there is a gradual relaxing of ‘stay in place” policies and closures. There has been little focus on the economic impact of these shutdowns. Stonebridge Economist Dan Laufenberg Ph.D. offers his update and the impact on Gross Domestic Product (GDP).