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2021 Year Ahead Report – Forces That Will Shape the U.S. Rural Economy

Jan 12 2021

The speed of the economic recovery will largely hinge on the availability, dissemination and reach of COVID-19 vaccines, pushing the expected burst of pent-up consumer demand into the latter half of 2021, according to a comprehensive year-ahead outlook report from CoBank’s Knowledge Exchange division.

“The coming year will be a recovery year for most Americans and the businesses that make up the U.S. economy,” said Dan Kowalski, vice president of CoBank’s Knowledge Exchange division. “The early part of the year should look very different than the latter, but in total, economic growth is estimated to be about 4%, following a retreat of roughly 4% in 2020.”

The CoBank 2021 Year Ahead Outlook Report examines 10 key factors that will shape agriculture and market sectors that serve rural communities throughout the U.S. Learn more about the 2021 outlook from CoBank’s Knowledge Exchange.