General World News

The supply-demand gap is lifting prices so quickly that it’s forcing a rethink of the economy, BofA says

California mall Macy's coronavirus

Summary List Placement

Experts have said for months that the post-pandemic economy won’t be the same as the one left behind in early 2020.

It may also be time to rethink how the economy is performing, Bank of America economists said Friday.

After months of strict lockdowns and stifled demand, the US economy has whiplashed. Vaccine distribution, stimulus, and the relaxing of economic restrictions saw consumer spending bounce back through the spring. The era of weak demand quickly gave way to widespread supply shortages, and businesses are struggling to rebalance the two.

The disparity poses a new risk to the recovery. details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com