Signs of Economic Hope Are Growing, Some With Superlatives

The American economic recovery is gathering steam, renewing confidence that a vibrant revival awaits as the pandemic recedes.

After months of false starts, evidence is mounting that the economy has definitively turned a corner, with more growth on the horizon. Job gains last month were the strongest since August. There are signs that the snarled global supply chain may be untangling.

And in dual reports on Thursday, the government reported more good news: Retail sales in March blew past expectations, rising nearly 10 percent, and jobless claims last week fell to their lowest level of the pandemic.

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China reported on Friday that its economy grew by a jaw-dropping 18.3 percent in the first three months of the year compared with the same period last year. While the figure is steep, it is as much a reflection of the past — the country’s output shrank 6.8 percent in the first quarter of 2020 from a year earlier — as it is an indication of how China is doing now.

A year ago, entire cities were shut down, planes were grounded and highways were blocked to control the spread of a relentless virus. Today, global demand for computer screens and video consoles that China makes is soaring as people work from home and as a pandemic recovery beckons. That demand has continued as Americans with stimulus checks look to spend money on patio furniture, electronics and other goods made in Chinese factories.

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yankintx said:

Its called the Biden Bounce

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yankintx said:

Its called the Biden Bounce

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Roadvirus said:

Nope. It's called the "Virus is finally getting under control" bounce.

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Allan said:

Very good economic news that supports Jerome Powell's comments last week that the US economy is at an inflection point.



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China is also showing signs of a substantial improvement in economic activity. That's also good news for the west as China is in love with western goods so their spending will help drive our recovery.



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Roadvirus said:

Nope. It's called the "Virus is finally getting under control" bounce.

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Helix said:

i'm pleased to see the short term good news. my guess is that there are some bubbles, though, and that makes me nervous.

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Helix said:

i'm pleased to see the short term good news. my guess is that there are some bubbles, though, and that makes me nervous.

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