(Bloomberg) -- The $1.9 trillion relief bill passed by the House is large enough to push U.S. gross domestic product above the pre-pandemic trend by midyear. Bloomberg Economics' analysis of the composition and associated multipliers -- the response of growth to fiscal aid -- could mean GDP growth in the vicinity of 7.4% for the full year on a 4Q-over-4Q basis, the best since 1983. Still, the level settles toward the prior trend by the end of 2022.
©2021 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
