The Conference Board forecasts that US real GDP growth will rise to 7.0 percent (annualized rate) in Q3 2021 and 6.0 percent (year-over-year) in 2021. Our growth forecast for the full year has been downgraded from 6.6 percent year-over-year due to lower-than-expected economic growth in Q3 2021. Looking further ahead, we forecast economic growth of 4.0 percent (year-over-year) in 2022 and 3.0 percent (year-over-year) in 2023. Our forecasts for both years have been upgraded due to our expectations that the recovery period will be extended into 2022 and that a large government infrastructure investment package will be passed soon.