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Larger Stimulus Leads to Big Upgrade to U.S. Growth Forecasts

  • Expectations grow for another large pandemic relief package
  • Covid-19 hospitalizations are falling, vaccinations increasing
In Rural Texas, Skeptics Prevail Even With Virus Mounting 
Photographer: Dylan Hollingsworth/Bloomberg

With Covid-19 cases stabilizing and Democrats oiling the tracks to pass large parts of President Joe Biden’s $1.9 trillion stimulus plan -- even without Republican support -- economists are raising their 2021 economic growth forecasts.

Expectations for gross domestic product growth increased for the current three-month period and every subsequent quarter through mid-2022 in the latest survey of economists by Bloomberg News. Economic growth this year is estimated to be the strongest since 1984.