July 8, 2021 The U.S. economy is expected to surpass pre-pandemic levels this quarter. Economists project by the end of 2021 gross domestic product will reach the path it was projected to follow had the pandemic never happened.[1] The pandemic’s long-term impacts may take many forms, positive and negative. In the "plus" column, the pandemic accelerated technological change, meaning that productivity growth and GDP are likely to remain above pre-pandemic levels. In our view, investment in digital infrastructure - particularly those that support 5G technology - will create jobs and business applications that haven’t yet been imagined. In our view, skill and talent training, already underway pre-pandemic, will likely accelerate as workers reskill, and universities and corporations reform.
The Long Haul
The Long Haul
The Long Haul
July 8, 2021 The U.S. economy is expected to surpass pre-pandemic levels this quarter. Economists project by the end of 2021 gross domestic product will reach the path it was projected to follow had the pandemic never happened.[1] The pandemic’s long-term impacts may take many forms, positive and negative. In the "plus" column, the pandemic accelerated technological change, meaning that productivity growth and GDP are likely to remain above pre-pandemic levels. In our view, investment in digital infrastructure - particularly those that support 5G technology - will create jobs and business applications that haven’t yet been imagined. In our view, skill and talent training, already underway pre-pandemic, will likely accelerate as workers reskill, and universities and corporations reform.