Huge GDP, both Global & USA will bode well for Copper Wells Fargo Forecast: Services Spending,The Sleeping Giant About to Wake
Since our February forecast, we have significantly ratcheted up our expectations for growth. Specifically, we are now penciling in full-year growth of 6.4%, which, if realized, would mark the fastest annual rate of GDP growth since 1984.
https://wellsfargo.bluematrix.com/docs/html/df751ad7-9135-424e-b0e3-d1d6d6ccfae2.html#US_Economic_Outlook
IMF boosts global growth forecast for 2021
It predicted global growth of 5.5 per cent in 2021, an increase of 0.3 percentage points from the October forecast, citing expectations of a vaccine-powered uptick later in the year and added policy support in the United States, Japan and a few other large economies.
https://globalnews.ca/news/7599800/imf-economic-growth-forecast-2021/#:~:text=It%20predicted%20global%20growth%20of,a%20few%20other%20large%20economies.
The US economy is set for "stellar" economic growth in 2021, Bank of America said in a note on Monday.
The bank increased its 2021 US GDP growth estimate to 6.5% from 6.0% as it has become "more convinced" that the consumer will get out and spend this year, the note said. The bank also sees heightened economic growth extending into next year, bumping its 2022 GDP growth estimate to 5.0% from 4.5%.
https://www.businessinsider.com/us-economy-outlook-bofa-boost-gdp-growth-forecast-2021-stimulus-2021-2 GDP Will Grow 5.3% Goldman Sachs
The Bank has an estimate for the U.S. economy to grow 5.3% in 2021, which is far above the Federal Reserve’s own more modest 4% projection. That’s a pretty significant number, and it has wide-ranging ramifications. With growth that high, it means that corporate America is doing great, and that should give further fuel to the stock market. Generally, a rising gross domestic product also means a solid economy all around, meaning Main Street America should also have extra money to spend. Coming out of the coronavirus recession, this is excellent news.
https://ca.finance.yahoo.com/news/goldman-sachs-biggest-predictions-2021-170024991.html#:~:text=Goldman%20Sachs%20has%20an%20estimate,it%20has%20wide%2Dranging%20ramifications.