USA TODAY
President Joe Biden’s $2 trillion infrastructure plan could keep this year’s projected economic boon from slowing significantly in 2022 following the COVID-19 downturn, while boosting growth and productivity over the long term, economists say. It keeps the party going, economist Troy Ludtka of research firm Natixis says of the infrastructure legislation.
Some analysts, however, say the blueprint could actually hinder the economy in 2022 before it begins to juice growth in later years. That s because infrastructure projects will take a couple of years to roll out while higher taxes may dampen business investment and economic activity in the meantime.
Biden s $2 trillion infrastructure plan would lift economy but higher taxes may hamper growth until projects roll out
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Infrastructure plan: Biden s blueprint should lift economy, eventually
azcentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azcentral.com Daily Mail and Mail on Sunday newspapers.
Recovery bets support stocks as Fed comes in focus
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.