This is a very encouraging sign for all the policy makers of the world, and in particular on the Old Continent. The world’s largest economy bounces back more quickly and more strongly than was expected. The employment figures in the United States bring hope to economists.
A spectacular rebound and not intended for the u.s. economy
After decades of growth, the job market in the us has experienced a deep deterioration in march with the onset of the epidemic of coronavirus. The month of April saw the destruction of nearly 21 million jobs, and economists had been expecting the worst.
Yet, the american economy has done more than resist, because in may the federal authorities have recognized the creation of more than 2.5 million jobs across the country. This attests to a stimulus much larger and much faster, than the predictions revealed for weeks.
An example and a sign of optimism for the global economy
In France, as in all European countries, congratulate each other for the rebound, hoping to know the same trajectory in the weeks to come. But the economies of the old continent also welcome, and especially of the recovery already initiated the first global economy.
A recovery, which should boost consumption in the coming months and, therefore, permit the resumption of international trade, all the more so that little by little the restrictions of circulation of goods are lifted everywhere in the world.
Author(s): FranceSoir
