Last spring, many might have been surprised to see that the US economy will be the first major economies in the world to know the coronavirus crisis behind it. The fact that US GDP reached pre-crisis levels in the first quarter of 2021 is no longer a real problem, and a really big achievement is that
The US economy may be the first to return to its pre-crisis growth path later this year.
Even the former growth champion, China, which was previously a growth champion and suffered from the health effects of the resulting Coronavirus epidemic, is expected to do so relatively cheaply, with no epidemic for more than a year and a recession in foreign markets, the first of which is quarterly shocks. Recession in 2020. When searching for the reasons for the rapid recovery of the United States, we find the country’s wealth, such as resilience and resilience in the face of crises, but the pace of recovery has diminished greatly due to the financial stimulus packages adopted by the previous government, President Joe Biden and the democratic legislation of $ 1.90. Trillion stimulus package.
What is the article talking about?
- The US economy is emerging from the crisis faster than its partners
- The trade and budget deficit will be large again this year
- The deterioration of the foreign trade balance has a weak effect on the dollar
- But there are a number of other factors that make it highly uncertain that the dollar will weaken overall