By Charles Riley, CNN Business London (CNN Business) – President Joe Biden’s $1.9 trillion stimulus package will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk
By Paul Davidson, USA TODAY It was supposed to be a dark winter for the economy. But buoyed by government relief aid, falling COVID-19 cases and the vaccine rollout, growth is expanding briskly and the economy is projected to boom this year as pandemic-related restrictions ease. Some economists even predict
By Anneken Tappe, CNN Business New York (CNN Business) – The US economy fared ever so slightly better in the fourth quarter of 2020 than initially thought. The nation’s gross domestic product grew at an annualized and seasonally adjusted rate of 4.1%, the Commerce Department reported in its second reading of the data
By Christopher Maloney, Bloomberg A growing percentage of U.S. homeowners are looking to delay making mortgage payments, the latest sign that the economic recovery is hitting a snag. In the first week of December, the proportion of mortgage borrowers that started seeking forbearance relief rose to its highest level since
By Megan Leonhardt, CNBC Most voters do not believe the U.S. will quickly rebound from the recession caused by the effects of coronavirus pandemic. In fact, about 65% of registered voters expect the U.S. economy to take more than a year to recover. That’s according to a new survey bill pay
