US Economy Gets $1.9 Trillion Shot in the Arm

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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.
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