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is the US economy getting ready to boom or bust? why?
19 Answers
- Anonymous1 month agoFavourite answer
The biggest threat to the global economy is ballooning levels of public debt. It's almost this pandemic is being used as an excuse to crash the global financial system.
- 1 month ago
1.9 trillion spending bill, notable increasing gas prices, inflation winding up, limiting businesses, etc.
- Const. KingLv 71 month ago
Bust, look at the people this buffoon put in charge of various top positions.
- JuanBLv 71 month ago
It's getting ready to boom. Because it doesn't have to get ready to bust, it's already been doing that for 2 years.
- Anonymous1 month ago
Economies always boom under a democratic president
- random_manLv 71 month ago
When the COVID problem lifts the economy is poised to boom. We're going to see very high GDP growth - probably something like 4-6% for 2021.
Some sectors will lag, travel and tourism, hospitality and travel, live entertainment will be slower to come back.
But overall consumer spending is ready to surge - we are already seeing a rise in spending. There is a lot of pent-up demand, and consumers have money thanks to the stimulus.
Source(s): I'm an economist - Anonymous1 month ago
With the mass influx of migrants & huge loss of jobs thanks to Biden & all the money he's printing our economy is gonna bust & we'll be in another recession by the end of the year.
- OiyLv 71 month ago
We have reached the bottom in the last quarter of 2020. Now we are starting the bubble again. The growth will reach 6.5%this year from 4% in December last year. The good things are going to happen. The pandemic is slowing down. The profits in the health sector is up. Consumption is up. And investment is up. Now, the people who left the jobs in the small businesses to take care the kids should come back. They should leave home to roost again.
- Toni ParrLv 71 month ago
As the pandemic looses it's grip there is going to be alot of pent up demand.
Once people feel safer with increased job security they will loosen the purse strings and stronger economic growth should occur.