THE UNITED STATES ECONOMIC FORECAST: 4TH QUARTER 2021
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espite the pandemic, the economy has continually improved since 2020, heading into Q3 2021. However, experts are worried that the current Delta variant will retrogress the country’s economy in Q4. TPIN experts take a critical look at the primary economic indicators, GDP, Unemployment, and Inflation, to determine if the country’s outlook in Q4 will worsen or improve. But first, let’s look at Q3 economic indices.
In Q3, retail sales rose 0.6%, though lower than the 18.3% increase in May in the 2020 hit-recession year. In Q3, particularly in June, the unemployment rate maintained a steady rate of 5.9%, averaging 394,000 jobs. Compared to Q3 last year in June, the unemployment rate was double digits, 14 l
THE POWER IS NOW MAGAZINE | OCTOBER 2021
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Q3 AND Q2 U.S. ECONOMIC OUTLOOK The United States Economy recovered tremendously in Q3 of 2021, spreading by a record 33.8%. Despite the huge milestone, the expansion wasn’t enough to mitigate earlier economic losses, which is the 5% drop in Gross Domestic Product in Q1. In Q2, the economy contracted by 31%. Never in the history of the United States has the economy contracted by more than 10%. At least, since record-keeping started in 1947.
