Economic Recovery Moves on

The economic recovery is evidently taking place. The question is how strong it is. It looks quite strong at the macro level, but at the micro level?

The economic recovery at the global level is being spearheaded by the two largest economies – the United States and China.

The US recorded 7.4 percent of growth and China 18.3 percent growth in the first quarter of 2021. Both were very aggressive in fiscal and monetary policies to stimulate the economy. However, high commodity prices and abundant liquidity with a strong economic recovery led to increased inflation.