The bank expects economic growth of 6.6% in 2021, compared with a previous forecast of 6.4%, according to a report published on Saturday. Key BackgroundBidens plan includes another round of direct payments and a further enhancement of federal unemployment insurance, as well as $400 billion for efforts to fight the virus and $130 billion to help schools reopen. Larger boosts to disposable income and government spending imply stronger growth later in the year, the banks analysts wrote. Growing risks of wildfires have led insurers to drop thousands of homeowners in the most vulnerable areas, according to the California Department of Insurance. Insurers are bracing for about $4.3 billion in insured losses from Hurricane Zeta in the United States, catastrophe modeling company Karen Clark & Co said on Monday, adding that this year has seen a record number of named storms making landfall.
The bank expects economic growth for 8% in the next ten years.
( z0 expect :ARG0 ( z1 bank ) :ARG1 ( z2 grow :ARG1 ( z3 economy ) :ARG2 ( z4 percentage-entity :value 8 ) :time ( z5 after :quant ( z6 temporal-quantity :quant 10 :unit ( z7 year ) ) :op ( z8 now ) ) ) )
(z0 / expect-01
    :ARG0 (z1 / bank)
    :ARG1 (z2 / grow-01
              :ARG1 (z3 / economy)
              :ARG2 (z4 / percentage-entity
                        :value 8)
              :time (z5 / after
                        :quant (z6 / temporal-quantity
                                   :quant 10
                                   :unit (z7 / year))
                        :op1 (z8 / now))))
The bank expects economic growth for 8 % in the next ten years .
z0 :ARG0 z1
z2 :ARG1 z3
z0 :ARG1 z2
z4 :value 1
z2 :ARG2 z4
z6 :quant 0
z5 :quant z6
z2 :time z5
z6 :unit z7
z5 :op1 z8