The overall figure understates the recovery because inventories needed less rebuilding and consumer spending widened the trade deficit.
Tag: Inflation (Economics)
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America’s Inflation Solution Could Become the World’s Problem
Why raising interest rates here could lead to a lot of misery elsewhere.
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Why U.S. Oil Companies Aren’t Riding to Europe’s Rescue
American energy production has only inched up because executives fear that oil and gas prices won’t stay high.
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Rapid Inflation, Lower Employment: How the U.S. Pandemic Response Measures Up
The United States spent more on its policy response than other advanced economies. Now economists are revisiting how that worked.