BBVA Research Economic Analysis Shows Stronger Growth After 4Q20 Slowdown

0


The report, published by BBVA’s chief economist Nathaniel Karp and senior economist Boyd Nash-Stacey, notes that real GDP grew 4 percent, according to BEA estimates, slightly higher than the group’s forecast but significantly lower than third-quarter GDP of 33.4 percent.

The report further indicates that the stable economic performance of 4Q20 reflects a strong contribution from private investment, especially housing, equipment, intellectual property and inventory. This reflects the rise in business expectations after the strong recovery in 3Q20 and the need to build up stocks.

In addition to providing a detailed review of GDP performance in 2020, the BBVA Research report also offers a number of possible estimates resulting from possible government support programs under review. The analysis concludes that the fiscal response during the pandemic, unlike the global financial crisis, has been timely, forceful and effective. This has put the US economy in an enviable position, which, if managed properly, could cement US hegemony and ensure long-term sustainability.

Read the full report here.

“,” location “:” bottom “,” categoria_onetrust “:” C0002 “}, {” script “:” Google Tag Manager – 1 / 2 “,” codigo “:” r n r n r n“,” location “:” head “,” categoria_onetrust “:” C0002 “}, {” script “:” Google Tag Manager – 2 / 2 “,” codigo “:” r n r n“,” location “:” body “,” categoria_onetrust “:” C0002 “}, {” script “:” AddThis “,” codigo “:” r n r n r n “,” location ” : “bottom”, “categoria_onetrust”: “C0004”}, {“script”: “pixelES”, “codigo”: “”, “location”: “head”, “categoria_onetrust”: “C0004”}, {“script “:” pixelCO “,” codigo “:” r n r n r n r n r n r n r n r n r n r n r n r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}, {” script “:” pixelPE “,” codigo “:” r n r n r n r n r n r n r n r n r n r n r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}, {” script “:” pixelAR “,” codigo “:” r n r n r n r n r n r n r n r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}, {” script “:” pixelMX “,” codigo “:” “,” location “:” head ” , “categoria_onetrust”: “C0004”}, {“script”: “pixelFacebookGlobal”, “codigo”: “ r n r n r n r n “,” location “:” head “,” categoria_onetrust “:” C0004 “}]; / *]]> * /


Share.

Comments are closed.