US GDP to recover from pandemic in mid-2021

The world’s largest economy will recover from the coronavirus pandemic by the middle of 2021, the US Congressional Budget Office (CBO) says, sooner than it had forecast last year.

“CBO currently projects a stronger economy than it did in July 2020, in large part because the downturn was not as severe as expected and because the first stage of the recovery took place sooner and was stronger than expected,” the nonpartisan office serving Congress says.

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