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Economic growth last year, as measured by Gross Domestic Product (GDP), expanded at the fastest rate since 1984 as the economy bounced back sharply from the depths of the pandemic-induced recession.
The abrupt rebound in demand caught many firms off guard and resulted in shortages of goods and labor. With greater demand than supply, consumer prices have been climbing. As we look ahead to what is in store for the economy this year, many are wondering how much longer elevated inflation rates will continue and how the Federal Reserve will respond to a tighter labor market and high inflation.
The Economic & Small Business Outlook session will shed light on these topics for the U.S. economy. Additionally, the small business outlook portion of the presentation will provide a sense of the overall health of the small business sector and identify key themes shaping the small business landscape.
This webinar is a part of the National Small Business Week Virtual Summit, hosted by the U.S. Small Business Administration and SCORE.
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