US Economy Set to Grow Twice as Fast as Earlier Predicted: OECD

US Economy Set to Grow Twice as Fast as Earlier Predicted: OECD
New $100 bills are applied with a serial number, a U.S. Federal Reserve seal, cut, and stacked at the U.S. Bureau of Engraving and Printing's Western Currency Facility in Fort Worth, Texas, on Oct. 11, 2013. Brendan Smialowski/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The United States’ economy is expected to grow twice as fast as earlier forecasts predicted, according to a new report, which rests its optimistic outlook on the huge dose of fiscal stimulus and accelerating vaccine rollout.

“The significant fiscal stimulus in the United States, along with faster vaccination, could boost U.S. GDP growth by over 3 percentage points this year, with welcome demand spillovers in key trading partners,” the Organization for Economic Cooperation and Development (OECD) wrote in its so-called interim March report, released on March 9 (pdf).
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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