Optimism is running high
in Fannie Mae’s first Economic and Housing Outlook of the year. The company’s
Economic and Strategic Research (ESR) team says expanding vaccination efforts, the potential of greater than
previously expected fiscal stimulus, and the end of winter all “point to an
economy ready to take off once COVID-19-related effects begin to subside.” The company says that economic growth probably flatlined in
November and December and it revised its final GDP estimate for the year down
to a negative 2.7 percent. The economy is now poised to expand, although
probably not before late spring. The ESR team has raised its expectations for 2121
from 4.5 percent growth in last month’s report to 5.3 percent and by 0.4 points
for 2022 to 3.6 percent.  

 

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