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Boosted business to service (B2B) task is anticipated to boost gdp by a "significant" amount this year, said Mark Skousen, editor-in-chief of Projections & Strategies.
What you found for the 4th quarter [GDP data] that was just launched is that the supply chain is growing significantly faster than final result or intake by the last customers. That's a really positive indicator. That's an indicator that the manufacturers in the economic situation, along the supply chain, are actually choosing, suggesting that usage is going to enhance, as well as it's a great leading sign," he stated. "It shows that the following quarter of GDP [growth] is going to be instead substantial."
0:00 – Gross outcome vs. gross domestic product
5:29 – Skousen B2B index
7:41 – Which sectors will exceed?
11:42 – Bankruptcies?
12:55 – Biden's framework strategy
18:18 – FreedomFest
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2021 will be year of 'robust growth', but who benefits? Mark Skousen
Increased business to business (B2B) activity is expected to boost gross domestic product by a “substantial” amount this year, said Mark Skousen, editor-in-chief of Forecasts & Strategies.
What you discovered for the fourth quarter [GDP data] that was just released is that the supply chain is growing substantially faster than final output or consumption by the final users. That’s a very positive sign. That’s a sign that the producers in the economy, along the supply chain, are actually making decisions, suggesting that consumption is going to increase, and it’s a very good leading indicator,” he said. “It indicates that the next quarter of GDP [growth] is going to be rather substantial.”
0:00 - Gross output vs. gross domestic product
5:29 - Skousen B2B index
7:41 - Which sectors will outperform?
11:42 - Bankruptcies?
12:55 - Biden's infrastructure plan
18:18 - FreedomFest
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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