The Star Bulletin - Daily News Updates

consumer’s psyche

There is a reason why the U.S. Economy Is Still Unprepared to Let Go of the Ghost

There is a reason why the U.S. Economy Is Still Unprepared to Let Go of the Ghost

The U.S economy has proven robust throughout the coronavirus outbreak after overcoming the worst quarter-to-quarter contraction in the history of the country, but at one point it seemed to some as if it was about to given up. Two quarter-long contractions in the gross domestic product during the first quarter of the year caused some experienced analysts (and some politicians) to declare that the recession had already begun. But put down the sympathy cards. On Thursday the government is scheduled to release that the economy grew in the third quarter of 2018, possibly by up to 3.3%. This is a…
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