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Vaccines’ rollout and pent-up consumer demand brighten US economic outlook [Los Angeles Times :: BC-ECONOMY-OUTLOOK:LA] WASHINGTON — If the new COVID-19 vaccines prove effective and are widely accepted, the result could be a welcome surge in the nation’s economy as well as an end to the pandemic nightmare. That’s because millions of Americans, especially those in higher income brackets, have been working from home, limiting both their outside contacts and their spending of billions of dollars on such things as travel, restaurant meals, trips to the mall and entertainment venues. Many...

Vaccines’ rollout and pent-up consumer demand brighten U.S. economic outlook [Los Angeles Times] If the new COVID-19 vaccines prove effective and are widely accepted, the result could be a welcome surge in the nation’s economy as well as an end to the pandemic nightmare. That’s because millions of Americans, especially those in higher income brackets, have been working from home, limiting both their outside contacts and their spending of billions of dollars on such things as travel, restaurant meals, trips to the mall and entertainment venues. Many economists think that once it’s saf...

After “a gloomy COVID winter,” widespread vaccination will bring years of robust growth to California’s economy, the UCLA Anderson forecast says. Upper-income households have the ability to “unleash the money once they have the green light to do so, [and] the savings rate could fall to the pre-COVID level pretty quickly,” said Michelle Meyer, head of U.S. economics at Bank of America. “And that would be an extraordinary boost to consumer spending.” Advertisement There is nonetheless plenty of uncertainty ahead, particularly about how quickly and widely the population will be ino...

Vaccines' rollout and pent-up consumer demand brighten U.S. economic outlook Don Lee © (Ringo H.W. Chiu / Associated Press) Shoppers wait in line to enter a store at the Glendale Galleria on the Friday after Thanksgiving. (Ringo H.W. Chiu / Associated Press) If the new COVID-19 vaccines prove effective and are widely accepted, the result could be a welcome surge in the nation’s economy as well as an end to the pandemic nightmare. Popular Searches That’s because millions of Americans, especially those in higher income brackets, have been working from home, limiting both ...