In the News
The good news about the economy that you’re not hearing enough about
Rose Khattar and Andres Vinelli examine how the U.S. economic recovery has actually been remarkably strong, in large part due to the Biden administration's fiscal policy; but more needs to be done to ensure that this historic recovery continues.
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Over the last several weeks, headlines about inflation and the U.S. supply chain have been unavoidable. While news about the costs of everyday items and the ways in which the COVID-19 crisis has snarled the supply chain are certainly newsworthy, there are two other economic indicators that are just as—if not more—important but receiving less coverage: gross domestic product (GDP) and employment.
It may be surprising to some but there is actually a lot of positive economic news on these two fronts. In fact, the U.S. economy has recovered faster than comparable countries, continues to grow at a rapid pace, and is recovering jobs lost to the pandemic much faster than anticipated.
The above excerpt was originally published in MarketWatch. Click here to view the full article.
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Authors
Andres Vinelli
Former Vice President, Economic Policy