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The May US jobs report blockbuster was a shock to many who expected more bad news. But there’s additional data that shows positive signs, indicating that the economy might rebound from the coronavirus lockdown faster than initially expected.
Michael Strain joined the show to explain why America is likely to see rapid economic growth over the summer, but a slower recovery thereafter. He also judges the effectiveness of the government’s economic relief packages and discusses how the economy will affect President Trump’s reelection prospects.
Michael Strain is the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at AEI. Before joining AEI, Dr. Strain worked in the Center for Economic Studies at the US Census Bureau and in the macroeconomics research group at the Federal Reserve Bank of New York. He is author of the newly released book, The American Dream is Not Dead: (But Populism Could Kill It).
The post WTH is going on with the coronavirus economy? When will the US economy return to normal? appeared first on American Enterprise Institute – AEI.
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