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No, the US is not the 'weak link in the global economic recovery'
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- The Associated Press wrote a story that claimed the US was the "weak link in global economic recovery."
- There's no doubt that the US response to the COVID-19 pandemic has been a mess compared to the rest of the world, but out economy has been doing relatively better compared to other countries.
- Housing, industrial production, and other economic indicators have held up decently.
- Neil Dutta is the head of economics at Renaissance Macro Research.
- This is an opinion column. The thoughts expressed are those of the author.
- Visit Business Insider's homepage for more stories.
On Tuesday, the Associated Press published an article making what may seem like an intuitive claim: "Virus surge makes US weak link in global economic recovery."
"People in China are back to buying German luxury cars. Europe's assembly lines are accelerating. Now the global economy is waiting for the United States to get its coronavirus outbreak under control and boost the recovery, but there's little sign of that," the article argues.
See the rest of the story at Business Insider
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See Also:
- Don't let Cuomo hide from his coronavirus nursing-home disaster
- The PPP loan program left too many American small businesses out to dry
- Stop obsessing over GDP when talking about the pandemic recovery
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