US must ground its economic policy in reality, sooner rather than later

Quick Summary:

Government spending has played a big role in boosting the US’ consumption and jobs figures, but how long can this last?

A member of a construction crew works on an infrastructure project in Decatur, Georgia, on July 3, after private sector job growth reportedly in June.

The principal one is that things are going to get rocky along the path to any soft landing for the global economy that financial markets in general and stock markets in particular claim is at hand.

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Article Details

Author / Journalist: Anthony Rowley

Category: Business

Markets: Hong KongChinaGeorgiaJapanMaliUnited States

Topics: Higher Been Economic Inflation World Economy Growth Jobs July According Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-21 @ 05:30:14 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 980 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21700221

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