WASHINGTON—Economists are forecasting a strong recovery this year but warn of a sharp drop in economic activity in the first quarter before it builds momentum following the winter.
The U.S. economy will grow at 3.9 percent over the four quarters of 2021, according to the latest estimates by the American Bankers Association’s Economic Advisory Committee. That would mark the fastest growth in nearly two decades, the committee, comprised of 20 chief economists from leading financial institutions, stated in a press release on Jan. 14.
