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In a research note released to reporters on Monday, BofA's economics team led by Claudio Irigoyen projected the US economy will grow at an annualized rate of 2.4% in 2025, higher than current ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Just 10 days ago, anxious markets were freaking out about the US economy ...
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 ...
Since the end of World War II, the economy has achieved relatively steady growth, low unemployment and inflation, and rapid advances in technology. [12] The American economy is fueled by high productivity, well developed transportation infrastructure, and extensive natural resources. [47]
Total household debt, which also includes auto loans, home mortgages and student debt, hit a record $15.84 trillion at the beginning of 2022, and the New York Fed, among others, expects credit ...
To fuel economic growth, the country set aside hundreds of billions of dollars for major infrastructure projects and used population tracking policies and enforced the stringent lockdown to contain the virus. [303] It is the only major economy that is expected to grow in 2020, according to the International Monetary Fund. [304]
US gross domestic product, which measures all goods and services produced in the economy, expanded at an annualized rate of 4.9% during the third quarter, according to fresh data from the Commerce ...
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