Hours after signing a $ 1.9 trillion economic stimulus bill into law on Thursday, U.S. President Joe Biden is ready to tell U.S. citizens that he will take aggressive steps to speed up Covid-19 vaccinations and bring the country one step closer to normalcy on July 4th.
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Biden signed the bill, aimed at providing assistance to citizens and boosting the economy. The package has been a huge political success for Biden since becoming president about 50 days ago.
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Based on a survey of economists by Reuters, the majority say that the U.S. economy will grow at a faster rate than previously expected and hit pre-Covid-19 levels within six months.
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They, however, also stated that unemployment would probably take at least a year to recover.
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The world’s largest economy is forecast to grow by 5.7% this year, after contracting 3.5% last year.