The US economy is recovering rapidly from the effects of the epidemic. Recent figures also show that the country's economy has grown at the fastest rate in decades over the past year. However, economists believe that the flow will decrease this year. News from the BBC. The United States' economic growth slowed to 3.4 percent in 2020 as a result of the epidemic. And about 22 million people lost their jobs under the restrictions. But the government's incentive expenditure helps to offset this loss. With this support, growth that year did not turn out as badly as it had feared, which continued last year. According to the US Department of Commerce, last year's economic growth was the fastest since 1974. The growth rate is about 5.6 percent. To offset the loss, US President Joe Biden plans to increase spending on sectors such as renewable energy, manufacturing and childcare. So he is seeing his success in this growth of the economy. He said that this growth was possible only because of the recovery efforts taken by his government. However, the new corona infection has raised fears. As the Corona situation in the country improved somewhat, the US government began to reduce its incentive spending. On the other hand, the Federal Reserve has also raised interest rates. In addition, the new type of corona, the transmission of ammonia and high inflation have also become a matter of concern. Analysts say that for these reasons, the pace of growth will slow down slightly this year compared to last year. According to the World Bank, the US economy will grow 3.8 percent this year, less than last year. Amidst these concerns, US stock markets have been falling for three consecutive weeks. This decline in the index may increase further. Andrew Hunter, a senior economist at Capital Economics, a London-based economic research consultancy, said the economy slowed slightly earlier this year due to an increase in the transmission of new types of corona. At the end of the year, there may be no hope. Meanwhile, the US Federal Reserve is under pressure to deal with inflation. Therefore, the company is planning to increase the key interest rate for the first time since March 2018.
Economists at Wells Fargo, a US multinational financial services organization, also said, How well we can sustain growth in this situation will be a major challenge for the economy in the years to come. But the good news is that the economy has not suffered much. At least as much damage was expected, but in reality the damage was not as great. On January 18, the price of fuel oil rose to a seven-year high of ৮৮ 8. The situation in the global stock market is not very good at the moment, much like in the last period of November, but it is not mainly due to the increase in policy interest rates by the central banks of different countries. U.S. investment bank Goldman Sachs has compiled a share price index for European airlines and hotels. It has been seen that the future of these businesses is very good. In other words, despite the spread of coronavirus, people are not paying much attention now.
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