Opinion

America’s ‘supercharged’ economy can’t last

One overlooked reason for US resilience is a tonne of stimulus still coursing through the economy.

Ruchir SharmaWriter and investor

Apr 23, 2024 – 9.22am

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When the US reports gross domestic product growth (GDP) this month, it is expected to come in at a solid pace of at least 2 per cent for the seventh quarter in a row, defying the once universal expectation that Federal Reserve rate hikes would trigger a recession.

First economists dialled those forecasts back to a “soft landing”, now they are talking about “no landing”.

Financial Times