While it’s too soon to take a victory lap as the economy begins its journey back to whatever normal will look like, preliminary numbers reflect a population chomping at the bit. In the first quarter, the economy grew by 1.6% as consumers, flush with stimulus money, went on a shopping spree, broadly trouncing economists’ expectations. Although the current growth rate is not expected to extend at that torrid pace, it does appear that 2021 may eclipse 1999’s 4.75% growth rate. The speed of vaccinations made the last quarter possible and the broader the adoption going forward, the stronger the turnaround will be.
Originally posted for the Orlando Sentinel’s Central Florida 100.
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