“We’re at the opening stages of what could be a very strong six to nine months for the U.S. economy as it emerges from the pandemic."
“Government checks did their work, as both income and spending increased dramatically in January."
Americans beefed up their mortgage balances to a new high, taking advantage of near-zero interest rates.
After the worst year for the economy since at least the end of World War II, economists are still hopeful of a faster recovery in the second half of 2021.
Some economists fear Japan's recovery from the coronavirus pandemic is threatened by rising infections, with a contraction possible early next year.
Amid the surge in coronavirus infections, “We are increasingly worried that the monthly gains in consumption will be weaker."
Economists are sticking to estimates of only 4% growth in the fourth quarter and a prolonged recovery from the coronavirus recession.
“China's economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus.”
The Fed's Open Market Committee said that the ongoing public health crisis would continue to weigh on economic activity, employment, and inflation.
Uncertainty creates a lot of market volatility. How closely have you been following the 2020 fluctuations?
Japan’s economy entered a recession even before the coronavirus pandemic and could be facing a long road to recovery.
"The explosion of COVID-19 infections ... is casting doubt on the magnitude of the expected surge in third-quarter consumer spending."
