New fiscal support will set up an economic boom in the second half of 2021

 300,000 jobs per month created

Fiscal support will bolster US consumers and lead to an economic boom in the second half of 2021, according to a team of Evercore analysts led by Dennis DeBusschere.

“Despite what angry twitter folks and some news outlets are suggesting, the current fiscal package is large enough to make a significant difference for individuals,” the analysts said in a note to clients on Thursday.

The current proposed fiscal package will be roughly 3.5% of GDP in the first quarter, and could potentially add up to 300,000 jobs per month, Evercore said. This could occur even if direct payments to individuals are only $600, but Evercore predicts that amount will increase before a bill is passed.

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