Stimulus Plan Could Boost Growth in 2021, Widen Budget Deficit

By Blu Putnam, Chief Economist, CME Group

The American Rescue Plan

• US economy could grow by 10% in 2021 with help of stimulus.
• Growth in Q1, Q2 2021 could be around 10% on annualized basis.
• Jobs recovery could be less robust as some sectors are still struggling.
• Treasury might raise debt auction by up to $1 trillion March-September.