US Recovery From Pandemic Recession Is Showing Momentum

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The nation's economic recovery from the pandemic fuelled recession is showing momentum Americans are spending more and so is the government two factors economists say are leading to a remarkably fast recovery the economy last quarter grew at a brisk six point four percent annual rate in the current quarter is expected to be even better one economist says all the economy's engines are revving up jobless aid applications last week at the lowest level since the pandemic began and the housing market strong heading into the summer as more businesses reopen Americans are increasingly shopping and eating out at a record level federal spending's poised to flow into the economy Sager mag ani Washington

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