To: Elroy Jetson who wrote (7555 ) 5/2/2021 2:11:46 AM From: elmatador 1 RecommendationRecommended By pak73
Respond to of 13784 Businesses. all over the world, are restocking all at once. No one was restocking before under the threat of Covid. Now all businesses are seeing the light at the end of the tunnel. Consumers, who have held tightly to their wallets, are now preparing to spend. There will be inflationary pressures: The supply bottlenecks in production and overall economic recovery are expected to push up price pressures in Germany, with the government forecasting consumer price inflation to jump to 2.2% this year and to ease to 1.5% next year. West Looks Past Covid-19 and Sees Economic Resurgence While the pandemic still presents risks, consumers, flush with savings, are expected to drive grow By Jason Douglas and Paul Hannon Updated April 25, 2021 3:03 pm ET After the worst year for the global economy since the Great Depression, the U.S. is set to lead a vigorous rebound in the West as mass vaccination against Covid-19 propels a return to more or less normal life. The revival will come in stages, with the U.S. and countries such as the U.K. recovering faster than those in the European Union, as the timing and speed of recoveries will depend largely on the pace and reach of vaccination , economists say. Economies in North America and Europe are expected to fire up as shops, restaurants and hotels throng with newly inoculated consumers armed with savings they amassed during the long pandemic . Moody’s Analytics estimates households world-wide had $5.4 trillion in pandemic-related savings at the end of the first quarter. Countries such as the U.S. and the U.K. are expected to enjoy quicker consumer-led recoveries as their governments close in on vaccination goals. Data Thursday are expected to show the U.S. growth accelerated in the first quarter as coronavirus-related restrictions eased and vaccination coverage increased.