The US economy is on the upswing with predicted growth across the following sectors:
US Industrial Production
US Nondefense Capital Goods New Orders
US Private Sector Employment
US Total Retail Sales
US Wholesale Trade of Durable Goods
US Wholesale Trade of Nondurable Goods
The ITR Trends report indicates 2021 will be a year of recovery and rise supported by the recent passage of the pandemic relief bill. In 2022, it is expected there will be slowed growth, and the above sections are expected to end 2023 in an acceleration growth trend.
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