Beginning the recovery journey: 5 things to watch for | Visa


2021 Annual U.S. Economic Outlook

Beginning the recovery journey: 5 things to watch for.

A bar chart showing seasonally adjusted real gross domestic product. See real gross domestic product image description.
A bar chart showing seasonally adjusted real gross domestic product, with compound annual growth ranging from 2.9% in March 2019 to -31.4% in June 2020 and 33.1% in September 2020. It is forecast to reach 4.6% in December 2020, 3% in December 2021, and 3.1% in December 2022. Year-over-year growth ranged from 2.3% to -9% between March 2019 and June 2020 and -2.3% in September 2020. It is expected to finish 2020, 2021 and 2022 at -2.4%, 3% and 2.9%, respectively.
Line chart showing seasonally adjusted year-over-year percent change in nominal consumer spending.  See nominal consumer spending image description.
Line chart showing the seasonally adjusted year-over-year percent change in nominal consumer spending, ranging from 3.8% in March 2019 to a low of -9.7% in June 2020, with forecast readings of -0.8%, 4.4% and 4.8% in December 2020, December 2021 and December 2022, respectively.