Doha: The US economy is in the middle of one of the most dramatic economic recoveries ever seen. After the US GDP collapsed by more than 31 percent annualized in Q2 2020, it rebounded strongly on the back of massive policy stimulus and a successful adaptation to the pandemic. US GDP printed annualized growth rates of 33 percent and 4 percent in Q3 and Q4 2020, respectively.
While the overall Covid-19 downturn was five times deeper than the average US contraction during a recession, it was extremely short in duration, lasting only about a quarter of the time of an average recession.
Importantly, the recovery is proving to be durable, lasting for several quarters and not showing any signs of receding, despite continuous waves of new Covid-19 cases. In fact, the US weekly leading index of economic activity, which is a composite of high-frequency data that tends to lead the business cycle by 3 to 10 months, still points to a rapid acceleration in activity at least for the next cou
Australian Open: Sad image emerges as plot thickens in Novak Djokovic conspiracy
17 Feb, 2021 01:20 AM
5 minutes to read
news.com.au
By: James Matthey of news.com.au
Novak Djokovic is through to another Australian Open semi-final but his dramatic win over Alexander Zverev has left us with more questions than answers.
This was far from a vintage performance from the king of Melbourne Park, who was all over the shop at different stages of the match and endured wild mood swings en route to an incredibly gutsy 6-7 6-2 6-4 7-6 victory.
Speaking after his third round win over Taylor Fritz, Djokovic revealed he was suffering from an abdominal muscle tear yet showed no signs of discomfort as he overcame the American in five sets.
Wide open spaces: the pleasures of wellness in Western Australia
15 Feb, 2021 11:00 AM
5 minutes to read
With one-of-a-kind experiences and uncrowded landscapes, the west of Australia offers a true escape for the mind, body and soul.
Western Australia is a place of beauty and grandeur, from top to toe. From the world s last remote frontiers in the North West to the dramatic coastlines of the South West and on to the fertile farming land of the Golden Outback and vibrant riverside capital of Perth, whatever time of year you visit, you ll find warm sunshine and blue skies. While a holiday often intrinsically offers therapeutic benefits, Western Australia takes things to the next level. And with our physical and mental wellbeing being more of a precious commodity than ever right now, when the opportunity arises, it s here you ll find the perfect remedy for the world-weary soul.