Posted 1/28/2024, 12:46:17 PM
U.S. Leads Major Economies in Post-Pandemic Rebound Driven by Government Spending, Wage Growth
- The U.S. economy is outperforming other major economies like Europe, China, and Japan after facing multiple crises
- Swift fiscal policy response to COVID-19 pandemic with massive government spending was key to strong recovery
- Consumer spending and wages are up, driving growth higher than pre-pandemic levels
- Lessons learned point to greater use of fiscal policy and less reliance on monetary policy in future downturns
- Entrepreneurship boom contributes to American dynamism and economic rebound