In 2020，the national economy has entered a rapid recovery track since the second quarter after the unprecedented impact of the COVID-19 epidemic，the economic growth has entered the expansion period of a new short-cycle，and has returned to the “normal” in November. The economic growth in 2021M1 and M2 has obviously been higher than that before the epidemic，reflecting that the national economy has basically returned to normal，but the recovery on the demand side is weaker than the supply side. Affected by the base，the quarterly growth rate of GDP and other major indicators in 2021 will show a pattern going from high to low. It is predicted that the annual GDP growth rate will be about 9.3% and the two-year average one will be about 5.8%，while the annual inflation rate will be about 1.2%. Macroeconomic policies should maintain continuity，stability and sustainability，continue to ensure “six priorities” and “six stability”，and balance the economic recovery and risk prevention.