US recovery from pandemic recession is showing momentum

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US recovery from pandemic recession is showing momentum

Message par gmong » ven. avr. 30, 2021 7:59 am

US recovery from pandemic recession is showing momentum


Powered by consumers and fuelled by โปรโมชั่น slotxo government aid, the US economy is achieving a remarkably
fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and
cost tens of millions of Americans their jobs and businesses.

The economy grew last quarter at a vigorous 6.4 per cent annual rate, the government said on Thursday, and
expectations are that the current quarter will be even better. The number of people seeking unemployment aid -
a rough reflection of layoffs - last week reached its lowest point since the pandemic struck.

And the National Association of Realtors said Thursday that more Americans signed contracts to buy homes
in March, reflecting a strong housing market as summer approaches.

Economists say that widespread vaccinations and declining viral cases, the reopening of more businesses, a huge
infusion of federal spending and healthy job gains should help sustain steady growth. For 2021 as a whole,
they expect the economy to expand close to 7 per cent, which would mark the fastest calendar-year growth
since 1984.

The economic gains have become increasingly evident in recent weeks. In March, US employers added 916,000
jobs - the biggest burst of hiring since August. At the same time, retail spending has surged, manufacturing
output is up and consumer confidence has reached its highest point since the pandemic began.