This is a good thing for the U.S. economy
The author is the chief global strategist of Morgan Stanley Investment Management, and the author of “Ten Rules for Successful Countries”
Driven by the successful launch of vaccines in the United States and the government’s large-scale stimulus measures, the US economy is expected to achieve a rapid growth of 7% this year and is currently leading the world’s recovery. Critics are talking about an “American renaissance”, the country ushered in its 245th Independence Day on Sunday.
But there is a problem: the United States has just experienced an economic renaissance. The possibility of rebirth is unlikely.
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