The economists say they expect employment to recover and that recent price spikes for some consumer goods should moderate.
Economists expect the U.S. to surpass the GDP we’d have seen if COVID-19 hadn’t happened. But many still wait for jobs to come back.
Economic growth in the current April-June period is expected to be faster still.
Infrastructure adds to gross domestic product, but interest rates can take away from it.
Financial stimulus policies are driving economic growth, but not all economies are recovering at the same speed.
In theory, the ingredients of economic growth are capital and investment. In practice, not so much.
Last year saw the worst decline for U.S. GDP in 74 years.
The growth is good, but it'll be a while before the U.S. economy is back to where it was before COVID-19 happened.
Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.
The number is going to be “annualized.”