CFO Focus: Will loan growth follow the economic recovery?
Two areas of good news and two areas of concern
All signs show that the U.S. economy is emerging from the never-before-seen domestic and global economic shutdown caused by the COVID-19 pandemic.
Signs of Recovery
The U.S. gross domestic product grew at 6.4% for the first quarter of 2021; stubbornly high jobless claims have begun to recede; and consumer and producer prices have begun to spring to life as our economy restarts from the deep, pandemic-induced freeze. The U.S. GDP grew 6.4% in the first quarter of 2021.
Additionally, the International Monetary Fund projects 6% growth in the global economy for 2021.
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