Economics

U.S. Growth Expectations Keep Mounting With Bigger Tailwind

Economists see economy expanding at 8.1% in second quarter
Consumer spending to surge throughout 2021, new survey shows

People walk by a department store in New York on April 6. — People walk by a department store in New York on April 6.
Photographer: Spencer Platt/Getty Images

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By Reade Pickert and Kyungjin Yoo

April 9, 2021 at 1:00 PM UTC

This article is for subscribers only.

Economists are once again ratcheting up their U.S. growth forecasts as a fresh injection of government aid, rising vaccination rates and looser business restrictions combine to provide a bigger tailwind for economic activity.

Expectations for gross domestic product growth surged more than a percentage point to an annualized pace of 8.1% in the second quarter, according to the latest monthly survey of economists by Bloomberg.