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US Economy : a long and winding road

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cam a22000004b 4500
001  MAP20220007115
003  MAP
005  20220228170251.0
008  220228s20220223usa|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎921
24500‎$a‎US Economy‎$b‎: a long and winding road
260  ‎$a‎New Jersey‎$b‎A.M. Best Company‎$c‎2022
300  ‎$a‎11 p.
520  ‎$a‎The US economy has shown remarkable resilience in its ongoing recovery from the pandemic. Supported by government spending and extraordinarily accommodative monetary policy, the US economy grew by 5.5% year over year in 2021-the largest economic expansion in decades (Exhibit 1). Strong economic growth resulted in the creation of over six million jobs by the end of the year, with the unemployment rate falling to 3.9% in December. But strong growth-as well as government stimulus-also brought about the highest level of inflation in decades, with headline inflation registering 7.1% in December. As a result, the economy will face a much different landscape in 2022. The Federal Reserve has signaled it is ready to start to normalize monetary policy and will begin to tighten credit sometime during the first quarter of the year. The government, concerned about record deficits and rising inflation, will likely have a limited appetite to undertake further large-scale government stimulus. The economy in 2022 won't be supported by the training wheels provided by the Fed and the federal government.
650 4‎$0‎MAPA20080546915‎$a‎Economía
650 4‎$0‎MAPA20080611897‎$a‎Perspectivas económicas
650 4‎$0‎MAPA20080612092‎$a‎Producto interior bruto
650 4‎$0‎MAPA20080600648‎$a‎Crecimiento económico
650 4‎$0‎MAPA20080586850‎$a‎Política económica
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
7102 ‎$0‎MAPA20080441371‎$a‎A.M. Best Company