The U.S. economy will recover and Americans will return to work quicker than expected because of government stimulus and the vaccination effort, a government report said.
The U.S. gross domestic product will return to its previous peak halfway through 2021 and the unemployment rate will return to normal by 2022, the nonpartisan Congressional Budget Office (CBO) report released Monday found, CNBC reported. The CBO forecast doesn’t factor in any future coronavirus stimulus legislation, which could potentially speed up an economic recovery even more.
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