US economy is set to grow at the fastest pace since 1984 thanks to stimulus and the rapid vaccine

[Yo_Mama_Been_Loggin]

rollout, the OECD said

The US economy is set to grow at the fastest rate since 1984 this year thanks to government stimulus and the speedy rollout of coronavirus vaccines, the Organisation for Economic Co-operation and Development (OECD) has said.

In its latest economic outlook, the OECD group of rich countries said US gross domestic product would grow 6.9% in 2021, after contracting 3.5% in 2020. That would be the biggest increase since 1984, according to World Bank figures.

The OECD's new US forecast was an upgrade from March's prediction of 6.5% growth, which was itself a sharp improvement on a December estimate of 3.2%.

The successive upgrades reflect the impact of both President Joe Biden's $1.9 trillion stimulus bill and of vaccines, which are allowing states to reopen their economies. More than half of the US population has now had at least one shot.

https://www.yahoo.com/news/us-economy-set-grow-fastest-130253351.html

I love the sound of right wing heads exploding.

[speak easy]

1. These March on March, and especially April on April figures, are misleading.

March-April-May 2020 the economy was in lockdown with production and prices artificially low.

So both growth and inflation are overstated if you do a year on years with those months.

[Midnight Writer]

2. Now give us Biden's infrastructure overhaul and watch it really take off.

That should also dramatically improve our long term prospects.

[roamer65]

3. C'mon, inflation!

Daddy needs some debt destruction!

[Ron Green]

4. Beware economic growth.

Of course on a finite planet, it can’t be sustained. More immediately, people from across the political spectrum must gather, not around speculative, extractive, finance-sector activities, but around locally-sustaining, human-centered economic activity based in actual community wealth.

[sarcasmo]

5. President Biden sitting at 62% approval. :)

[ProudProgressiveNow]

6. KR NT