‘Fairly strong’ economic rebound expected in latest update video
CUNA Senior Economist Jordan van Rijn said he expects a “fairly strong” economic rebound in CUNA’s latest Economic Update video, sponsored by CO-OP Financial Services.
“There is a lot of pent-up demand in the economy, and as vaccinations start to roll out people are going to be eager to travel again, to go back to restaurants. There’s also a lot of stimulus money in the economy, we expect the funds from the latest $1.9 trillion bill to come through in March,” he said.
The top five indicators van Rijn recommends credit unions keep an eye on are:
- The pace of COVID-19 vaccination;
- Labor force participation;
- Consumer confidence;
- Inflation; and
- Interest rates.
The full video can be found below: