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President Biden marked the 100th day of his presidency at an outdoor rally in Georgia, he got some good economic news: Just a year after the coronavirus blew a huge hole in the U.S. economy, government data show the recovery gained momentum in the first quarter, with growth surging at a strong 6.4% annual rate.
Economists and government policymakers believe there’s more good news to come. The rebound is likely to grow even stronger in the months ahead, restoring millions of jobs and putting the nation on track in 2021 for the fastest growth since the 1980s.