Red-Hot U.S. Economy a Mixed Blessing For Rest of World

A powerful recovery in the U.S., primed by massive government spending and a rapid vaccine rollout, is already rippling around the world,could presage a two-speed recovery from the extraordinary economic downturn of the past year, a schism that threatens to open fissures in the global economy.

. Rich countries and some export-driven economies are already enjoying the early fruits of successful vaccine campaigns and resurgent growth. Instead, poor nations are seeing nascent signs of capital outflows being lured to rich countries. Meanwhile, those countries face a long wait for vaccines and some are suffering fresh Covid-19 waves that leave them cut off from the travel and tourism flows that have supported their economies in recent years.

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BidenInsultBot Could this possibly be because POTUS45 developed the vaccine and JoeBiden inherited it and is taking all the credit

Can we go somewhere today?

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Source: CNBC - 🏆 12. / 72 Read more »