[Chicks]

The economy grew 6.4% in Q1 as stimulus checks, COVID shots, looser business constraints spurred more spending

https://finance.yahoo.com/news/econo...123338704.html

A U.S. economy that was supposed to be ailing this past winter instead got a couple of big shots in the arm, kicking off what’s likely to be a historically strong year.

Economic growth accelerated in early 2021 as federal stimulus checks and fast-growing COVID vaccinations left consumers flush with cash and ready to spend it just as more states lifted business constraints. The developments pushed up a recovery that wasn’t supposed to gather force until mid-year.

Employers added 468,000 jobs in February and 916,000 in March – months that were widely expected to feature paltry gains or even losses before the federal assistance was approved and the pace of vaccinations picked up.

The U.S. is on course to reach herd immunity -- which makes person-to-person transmission highly unlikely – by late May, and the economy should be fully reopened by June, according to Pantheon Macroeconomics. As Americans return to activities such as dining out, traveling and going to movies, consumption is expected to ramp up further.

As a result, the economy is projected to grow 6.2% this year, the most since 1984, according to economists surveyed by Wolters Kluwer Blue Chip Financial Indicators.

Thank you, Joe! This is showing emphatically that the Repubes were lying all along about the economy...