Apr 01, 2021 Guest(s): 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."