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We are nearly two years into the COVID-19 pandemic, and much remains uncertain. U.S. economic activity in 2021, as measured by GDP growth, rebounded remarkably after the pandemic-driven contraction in 2020. The 1Q 2022 Outlook from Jennison Associates, PGIM’s fundamental growth equity manager, explains how a growth slowdown and valuation reset will impact equity sectors and revive demand for secular growth stocks.
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