Don't Look Back
- Keywords:
- covid-19
The best thing about the past year is that it's over, and the year ahead could be one of the best since the start of the century. More fiscal juice should push the economy over the second-wave hump, while the vaccine rollout will speed up the recovery, though labour markets will take much longer to heal.
The U.S. and Canadian economies are expected to rebound 4.5% and 5.0%, respectively, in 2021, with potential upside if the second wave crests soon.
After entering crisis mode last year, the Fed and Bank of Canada will have a much quieter year, nursing policy rates near zero and allaying upward pressure on longer-term rates.
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Sal Guatieri
Senior Economist
Sal Guatieri is a Senior Economist and Director at BMO Capital Markets, with two decades experience as a macro economist. With BMO Financial Group since 1994, his m…(..)
View Full Profile >The best thing about the past year is that it's over, and the year ahead could be one of the best since the start of the century. More fiscal juice should push the economy over the second-wave hump, while the vaccine rollout will speed up the recovery, though labour markets will take much longer to heal.
The U.S. and Canadian economies are expected to rebound 4.5% and 5.0%, respectively, in 2021, with potential upside if the second wave crests soon.
After entering crisis mode last year, the Fed and Bank of Canada will have a much quieter year, nursing policy rates near zero and allaying upward pressure on longer-term rates.
View important Disclosure Statements here.
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Sal Guatieri | November 09, 2020 Economic Insights, Addressing Covid 19
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