US Economic Update – January 2021

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

By NAB Group Economics

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

Ana Marinkovic – Making the most of holiday trading

29 November 2023

The holiday season shopping flurry can offer some small businesses the opportunity to prosper… and others a time to take stock for the new year. Both call for careful preparation – particularly in the current environment. NAB Executive Small Business Ana Marinkovic shares her top tips.