Growing out of the pandemic

The COVID-19 pandemic plunged the United States into recession, with national economic output falling by 3.4% in 2020, according to the IMF. Growth is now returning aided by a vaccination program that is picking up speed after a stumbling start. The IMF projects the US economy will bounce back strongly to 4.3% growth in 2021 and 3.2% in 2022.

While the pandemic has hit US economy hard, most US executives surveyed are upbeat about the financial outlook for their own organizations. According to a recent survey conducted by SAP Concur and The Economist Group in December 2020 and January, 72% of executives report positive financial expectations for the coming 12 months, although they are less optimistic about US and the global economy.

Download the report to learn more about how robust travel, expense, and invoice solutions can help US organizations grow out of the pandemic and back to the growth.

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