- In recent weeks, we've seen GDP expectations for the start of 2021 drift lower as the pandemic has once again presented a headwind to the economy and efforts to contain it have expanded.
- We also continue to think consensus expectations run the risk of an economic and earnings speed bump in 2021.
- The start of 2021 is expected to see a somewhat larger step down in GDP - to 1.9% during the March quarter vs. the expected 4.1% in the December 2020 quarter, according to data published by The Wall Street Journal's Economic Forecasting Survey.
For further details see:
Thematics Make Outsized Returns In 2020