US to grow 7% this year, fastest since 1980s


The United States economy has picked up after a sluggish start to the year and is likely to expand by 7% this year as it bounces back from the Covid-19 pandemic, says a top Federal Reserve official. – EPA pic, May 4, 2021.

THE US economy is likely to expand by 7% this year as it bounces back from the Covid-19 pandemic, its fastest rate since the early 1980s, a top Federal Reserve official said yesterday.

However, the world’s largest economy still “has a long way to go” and needs to see several months of strong employment growth to achieve a full recovery, said John Williams, president of the Fed’s New York branch.


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