Economic outlook 2021: COVID-19 vaccine is likely to spur growth next year
Ted Adams, 77, has put off myriad purchases while hunkering down during the pandemic. Adams and his wife, who live in Minneapolis, have forgone trips to their Palm Desert, California, vacation home, as well as purchases of new furniture for that house and a new Mercedes-Benz S Class. But the distribution of COVID-19 vaccines “has given me confidence that the stock market will become more stable and life and the economy will be back to normal by summer,” says the retired serial entrepreneur. “I was wavering about buying a new car but am now planning to do it soon after I’m vaccinate...