Transamerica recently issued the Transamerica 2021 Market Outlook: Where We Stand written by Tom Wald, Chief Investment Officer for Transamerica Asset Management, Inc. This is just one of the takeaways:
“While U.S. economic growth could be challenged in 1Q 2021 as COVID-19 cases continue to rise,we look for the economy to accelerate meaningfully in 2H 2021 as vaccine accessibility dovetails with an accommodative interest rate environment and eventual fiscal stimulus, driving pent-up demand by consumers and businesses. This could result in annual gross domestic product (GDP) growth of 4% in 2021 helping the economy return to pre-virus levels of real aggregate GDP by year end.”
Download the whole report at Transamerica.com.