The GYF Business Valuation & Litigation Support Services Group continues to monitor economic conditions. An increase in positive coronavirus cases attributable to the omicron variant has slowed the economy’s return to “normal.” Continued themes are supply chain disruptions that may not normalize until well into 2023 and unemployment rates returning to the natural rate with prolonged labor shortages in certain sectors.
After considering all factors, the economy at the end of 2021 was continuing to expand, but expansion may be short-lived. Review the Highlights or read our Q4 2021 Economic Outlook for more analysis of various economic indicators.
