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Opinion

Disappointing Growth Shows Diminishing Return of Stimulus

Disappointing Growth Shows Diminishing Return of Stimulus
Customers shop for produce at a supermarket in Chicago on June 10, 2021. Scott Olson/Getty Images
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Commentary
The U.S. economy recovered at a 6.5 percent annualized rate in the second quarter of 2021, and gross domestic product (GDP) is now above the pre-pandemic level. This should be viewed as good news—until we put it in the context of the largest fiscal and monetary stimulus in recent history.
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