Economists Say Biden's Rescue Plan Will Spark Faster Recovery

@reuters
Economists Say Biden's Rescue Plan Will Spark Faster Recovery

By Manjul Paul and Shrutee Sarkar BENGALURU (Reuters) - The U.S. economy will grow faster than previously thought and reach pre-COVID-19 levels within six months, according to a majority of economists polled by Reuters who however said unemployment would take well over a year to recover. Optimism was largely driven by the House of Representatives passing President Joe Biden's $1.9 trillion relief aid in response to the pandemic, which has killed around 530,000 people in the U.S. and left millions out of work. After shrinking 3.5 percent last year, the world's largest economy was forecast to grow 5.7 percent...

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Jack Smith
Jack Smith

Attorneys for Donald Trump on Monday morning entered the Justice Department headquarters in Washington, as expectations grow the ex-president could soon be charged in his unlawful removal, retention, and refusal to return hundreds of classified and top secret documents.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}