Analysis provided by: Lindsey M. Piegza, Ph.D, Stifel Analyst, Chief Economist and featured on “Bloomberg Surveillance.”
The market is focused on the momentum that we're seeing in inflation. Looking at the composition of the growth, in the first half of 2021 we saw a 6.5% GDP mostly spurred by trillions of government spending. In this back half, we're likely to see 1/3 of that activity that is much more organic, but arguably much more sustainable as we turn the corner into 2022.
It feels like we're getting back to pre-pandemic levels of the economy. Hear more from Lindsey on "Bloomberg Surveillance" here.
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