The U.S. economy started the year with a bang. Gross domestic product, which measures economic output, increased at an annual rate of 6.4% in the first three months of 2021. GDP is expected to keep sizzling this summer. But what happens in the fall? We asked a few economists what could boost growth or hold it back.
Imagine yourself in October. The leaves are changing. The kids are agonizing about what they’ll be for Halloween.
Doug Roberts, founder and chief investment strategist at Channel Capital Research, predicted that by then, we’ll have just exited what he called the “economic sugar high” of the summer, when pent-up demand sent the economy sky-high. He said, “You’ve had a beach ball that’s been pulled underwater for an extended period of time, so to speak, with the economy during COVID.”
Roberts also said that Congress could give the economy a bounce this fall by agreeing…