Upgrades in forecasted growth rates,  largely due to expectations of widespread vaccinations. Figure 1: GDP as reported in 2020Q3 3rd release (black), WSJ April survey (tan), June survey (green), August survey (red), October survey (pink), December survey (blue), January (orange), all in billions Ch.2012$, SAAR, all on log scale. Source: BEA, various vintages, WSJ survey, … Continue reading The Outlook: WSJ January Survey