S&P: Biden coronavirus relief proposal would restore economy by summer https://t.co/4i5FNIQjNm pic.twitter.com/aLDP4sBFHZ
— The Hill (@thehill) February 2, 2021
… “We find that if the $1.9 trillion package were put into law, the U.S. economy would reach pre-crisis levels in the second quarter of 2021, with a stronger demand-driven path of growth through 2023,” the report said.
Biden’s proposal would also set the economy on course to exceed its pre-pandemic growth path until the end of 2022, when it would start to slow, S&P said.
On the jobs front, S&P said the injection of government funds would likely push unemployment down below 4 percent by mid-2023, a year earlier than its current forecast. The nationwide unemployment rate stood at 6.7 percent in December, the most recent figures available from the Labor Department…
Proud to Be A Democrat Open Thread: Moving Forward on the Covid Relief BillPost + Comments (333)