2Q GDP Growth Below Expectations, but With Some Hopeful Signs for Second Half
by Michael J. Bazdarich, PhD
Weekly Municipal Monitor—Puerto Rico Pact
by Robert E. Amodeo, Thea Okin
LIBOR Transition Update—Final Dash to the Finish Line
by Jason Straker
The Bureau of Economic Analysis within the Commerce Department today released its “advance” estimate for 2Q21 GDP. That release showed estimated 2Q growth of 6.5% (annualized). The release also contained benchmark revisions to the GDP components stretching all the way back to 1999, but said revisions had no visible effect on reported growth contours.
The global recovery should see a meaningful pickup in the second half of 2021 as economies continue to reopen, but we remain cautious over the longer term.