US Economic Update – December 2020
Signs of slowing, but vaccine a positive
Key highlights:
- The surge in COVID-19 cases and the ongoing ramping up of containment measures in response is causing a slowdown in growth, with the risk of a contraction in quarterly GDP.
- At the same time, regulatory approval for vaccinations to commence has improved the medium-term outlook.
- The Fed will likely move to ‘qualitative outcome-based guidance’ for its asset purchases at this month’s meeting, with a chance that it also focusses its purchases more on longer dated Treasury securities.
Find out more in NAB’s US Economic Update – December 2020
About the Author
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.
Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:
- Australian economics and commodities
- International economics
- Industry economics
The team publish a wealth of content including reports, surveys, forecasts and indexes.
