Economics
Economists Lift U.S. Growth Forecasts Even as Pace Set to Cool
- Bloomberg’s July survey shows upgrades to second-half GDP
- Inflation seen remaining elevated before mid-2022 moderation
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The U.S. economy is entering a new phase.
Fueled by widespread vaccinations, government stimulus and the lifting of most Covid-19 restrictions, the economy likely expanded in the second quarter at one of the fastest paces in decades. But at some point, gross domestic product growth has to come off the boil and return to a more sustainable pace.