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The post-pandemic economy is taking shape.
Fifteen months after the US first plunged into lockdown, the economy is well on its way to a complete reopening. Spending is up, businesses are rehiring, and Americans are — slowly — returning to work. Economists largely agree that economic output will grow at the fastest rate since the 1980s this year.
Yet experts have warned the recovery will occur in a country that is permanently changed. Americans should brace for “a different economy,” Federal Reserve Chair Jerome Powell said in an April conference hosted by the International Monetary Fund.
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