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It has been a hard, difficult slog this year but 2021 is shaping up to be better.

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While the recent surge in Coronavirus cases is worrisome—and consumer behaviors and governmental policies happening in response to the nationwide increases could impact economic growth—they are unlikely to prompt a double dip recession, as some economists feared, stated Fannie Mae in a new report.

“The continued geographic shift and now resurgence of COVID-19 has raised risks to the pace of growth, though in our view not to the level of a potential second recessionary downturn,” said Doug Duncan, Fannie Mae senior vice president and chief economist.

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