US economy expected to grow 7%, fastest since 1980s

[04-05-2021 01:11 PM]

Ammon News - The US economy is likely to expand by 7 percent this year as it bounces back from the crisis caused by the Covid-19 pandemic, its fastest rate since the early 1980s, a top Federal Reserve official said late Monday, according to the New York Times.

New York Fed President John Williams expected that "real GDP increasing around seven percent this year," calling it "welcome progress after the toughest period for the economy in living memory."

"While I am optimistic that the economy is now headed in the right direction, we still have a long way to go to achieve a robust and full economic recovery," Williams said.

  • no comments

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
show email
comment : *
Verification code : Refresh
write code :