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2021 Economic Outlook Forecasts 7.8% Expansion

2021 Economic Outlook Forecasts 7.8% Expansion in Equipment and Software Investment Growth and 4.7% GDP Growth Despite Uneven Recovery

WASHINGTON, Dec. 16, 2020 (GLOBE NEWSWIRE) — Equipment and software investment growth fared better than overall GDP growth in 2020 as businesses invested to adapt to the COVID-19 pandemic, and growth should remain well into positive territory in the beginning of 2021. Annual equipment and software investment growth of 7.8 percent is forecast for 2021. Annual U.S. GDP growth for 2021 is forecast at 4.7 percent, according to the 2021 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.

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