In Washington, the House adopted a stimulus package of 1,900 trillion dollars, despite fears of a surge in inflation. Europe is more reserved, but its relative restraint could cause it to miss the train of a strong recovery.
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VFrom here, President Biden’s socio-economic support plan may appear questionable, if not in principle, at least in scope. So think: 1.900 billion dollars (nearly 9% of pre-pandemic GDP), which is in addition to the 900 billion, validated by the previous tenant of the White House at the end of last year.
Does the US economy need it, when the fall has turned out to be much smaller than in Europe last year and, above all, that economic analysts are already expecting a rebound of 6% this year? ?
In 2020, the federal state had implemented a budgetary stimulus of nearly 17% of GDP – almost twice as large as in Europe.
Today, the new administration fears above all that the recovery will not be enough to get Americans back to work.
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