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U.S. Economy Ready to Surge With Big Stimulus, Fast Vaccines

  • Growth estimates have jumped in light of recent developments
  • Gains may give some pause on massive infrastructure package
Inside A Costco Wholesale Location Ahead Of Earnings Figures
Photographer: David Paul Morris/Bloomberg
Updated on

With Democrats on the verge of passing an almost $2 trillion stimulus bill and Covid-19 vaccinations moving ahead, the U.S. economic outlook is much sunnier than it looked in early January.

The latest Bloomberg monthly survey of economists shows the annualized pace of growth in the first quarter will be 4.8%, twice as fast as respondents expected just two months ago. For the full year, gross domestic product is projected to rise 5.5%, which would be the fastest since 1984 and is up from January’s estimate of 4.1%.