May 17, 2021A tech-led business capital expenditure (capex) recovery is underway, jump started in part by the pandemic, as firms accelerated their investments technology and equipment to quickly pivot to remote working, online shopping, streaming content, telemedicine, and other ways of adapting to survive in the new COVID environment.
May 17, 2021—As my colleague Meghan Shue said a few weeks ago, the economy has been on a wild ride (much like a Hot Wheels track) and we are expecting strong growth in the second half of 2021. Stimulus, consumer spending of savings, and business capital expenditures (capex) will be enough to push full-year growth of 7.6% in 2021 in our view, with a higher likelihood of exceeding that figure than of falling short.
In the 1Q 2021 issue of our quarterly publication, we:Discuss the muni market’s outperformance versus fixed income during 1Q 2021 amid volatilityNote the potential challenges that could lie aheadShare our views on the potential improvement on the credit quality of New York State, New York City and…
