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Back Where It All Began... Almost

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  • The level of U.S. real GDP to begin 2021 almost matched the pre-pandemic reading from Q4 of 2019 and, more importantly, seems poised to break out to the upside.
  • The momentum coming out of Q1 appears to be strong and is setting the stage for potentially faster growth in not only the second quarter but for 2021 as a whole.
  • In addition, as lockdowns get lifted, consumer demand and fixed investment appear poised to continue their breakout.

Wooden blocks with the word GDP and up and down arrows. An unstable economy in the country. Financial measure of the market value of all the final goods and services produced in a specific period.
Photo by Andrii Yalanskyi/iStock via Getty Images

By Kevin Flanagan

A little more than a year after the pandemic wreaked havoc on the global economy, we have now witnessed U.S. economic activity coming "oh, so close" to coming back to where it all began. In

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