Question
PLEASE GIVE ME A SHORT REPLY TO THIS POST AND ADD SOME REFERENCES . This article predicts an uptick in US economic growth in late
PLEASE GIVE ME A SHORT REPLY TO THIS POST AND ADD SOME REFERENCES.
This article predicts an uptick in US economic growth in late 2024 proceeding a rocky late 2023 and early 2024. The reason for this economic cup handle is due in part to the return to normalcy boom post covid. Students were enticed with loan forgiveness and taxpayers pacified with smoke and mirror stimulus checks to craft a perfect storm of elevated inflation. This false sense of security has accomplished it's mission in the short run by increasing consumer spending as exemplified by the newfound economic placeholder. However, as society continues to profit off government initiative, the after affects will reach a ceiling of bloated inflation and gridlocked job market.
The good news is these policies are not expected to have a lasting shockwave. As the novelty of being outside again becomes a reality the economy is expected to restabilize in the long run despite a painful voyage. Economic forecasting portrays an optimistic inflation downturn, albeit, does not see the job market getting better.
This article taught me that we are still healing from this never ending COVID pandemic and brought to my attention the detriment of the stimulus checks. This got me interested in the general consensus of how the stimulus check was seen in its proposal and aftermath. My research suggests the US was unprepared for an economic collapse, panicked, and drafted up a motion they would very quickly regret. Upon heavy warnings from economists, the government tied their hands into appeasing their promise to the huddled masses. Yet again, we have learned nothing from the 2008 crisis except that time heals all wounds and old habits die hard. As long as the public will scramble for fast acting pain relief and a politician is due for a second term, we will not learn the value of indelible solutions over short term gratification.
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