2021 Economic Outlook Now Projects 6.1% GDP Growth, 13.3% Rise in Capital Investment

Q3 update forecasts U.S. GDP growth to reach 6.1% in 2021, with investment in construction and other equipment and software spiking by 13.3%. As businesses across the country continue to invest during the post-pandemic recovery, annual U.S. GDP growth is forecast to reach 6.1% in 2021, with annual investment growth in equipment – including construction equipment – and software projected at 13.3%, based on the Q3 update to the 2021 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. “The Q3 update indicates that America is now opening for business quickly,” noted Scott Thacker, foundation chair and CEO, Ivory Consulting Corporation. “The evidence illustrated in the Outlook points to a booming economy for the second half of the year as long as the pandemic remains in check, and despite several potential headwinds which must be monitored carefully. READ FULL ARTICLE>>