Historic Recovery Ahead for U.S. Economy in 2021, Predicts UCF Economist
Wed Mar 3
Fueled by a release of pent-up economic demand, unemployment will decline and Americans will spend more money through 2021, says Sean Snaith, renowned economist and director of UCF’s Institute for Economic Forecasting. While consumer spending shrank by 3.9 percent in 2020 amid the recession, the institute’s first-quarter U.S. forecast predicts spending will accelerate to an…