January 29, 2021

US Economic Update – January 2021

Recovery lost momentum at end of 2020; hope for a better 2021

Key highlights:

  • GDP grew by 1.0% q/q in Q4 2020, but this headline figure masks a weakening in the economy as high rates of COVID-19 transmission and restrictions on mobility and activity took its toll over November/December.
  • The substantial fiscal support passed at the end of 2020, with more expected, as well as the roll-out of vaccines, offers the hope of rapid growth emerging over 2021.
  • As a result, we have revised up our 2021 GDP growth forecast to 4.5% (from 3.3%) and our 2022 forecast to 3.9% (from 2.4%). Fed funds rate to remain unchanged for the next two years at least.

Find out more in NAB’s US Economic Update – January 2021

NAB Consumer Sentiment Survey Q1 2025NAB Consumer Sentiment Survey Q1 2025

NAB Consumer Sentiment Survey Q1 2025

17 April 2025

The NAB Consumer Stress Index rose in the March quarter. High living costs continue to drive spending behaviours, with shoppers looking for ways to save money.

NAB Consumer Sentiment Survey Q1 2025NAB Consumer Sentiment Survey Q1 2025

Insight