2021 First Quarter Commentary

The first quarter of 2021 saw continued positive momentum in the economic recovery which was supported by several notable developments:

  1. Additional fiscal stimulus in the form of a $1.9trn package, equivalent to nearly 9% of GDP creating strong demand tailwinds for the economy
  2. The successful rollout and implementation of a vaccine program
  3. Strong improvements in the labor market
  4. Positively trending economic output figures and surveys