The Dow Jones added 251 points or 0.9% to 28,838, up from a deep decline. The S&P 500 climbed 57 points or 1.6% to 3534. The Nasdaq jumped 296 points or 2.6% to 11,876. The current prospects are that Dow Jones will decline in 2021.
The Gross Domestic Product (GDP) in the United States was worth 21,427 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of the United States represents 17.65 percent of the world economy.
GDP per capita PPP in the United States is expected to reach 59,770 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States GDP per capita PPP is projected to trend around 60,500USD in 2021 and 61,100 USD in 2022, according to our econometric models.
Wage Growth in the United States is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in the United States to stand at 2.80 in 12 months time. In the long-term, the United States Wages and Salaries Growth is projected to trend around 5.80 percent in 2021 and 3.60 percent in 2022.