America’s astonishing economic growth goes up another gear
Will high bond yields be what finally takes it down?
The energizer bunny, a pink mechanical hare that keeps banging its drum owing to long-lasting batteries, will celebrate its 35th anniversary this October. As if to mark the momentous occasion, the American economy is doing its best imitation of the advertising icon. Despite umpteen predictions of a slowdown, it keeps going and going. Recent data suggest it may even be on track for annualised growth of nearly 6% in the third quarter, a pace it has hit only a few times since 2000.
This article appeared in the Finance & economics section of the print edition under the headline “Whoosh!”
Finance & economics August 26th 2023
- China’s economy is in desperate need of rescue
- What China’s economic troubles mean for the world
- America’s astonishing economic growth goes up another gear
- Goldman Sachs has a David Solomon problem
- Argentina is pushing international lending to its breaking point
- Which animals should a modern-day Noah put in his ark?
From the August 26th 2023 edition
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