11 Facts on the Economic Recovery from the COVID-19 Pandemic
(Brookings Institution, 9/29/21)
A report from September 29th issued by the Brookings Institute which highlights 11 facts about the pandemic recovery. The report shows that GDP swiftly recovered to pre-pandemic levels by the end of Q2 2021. However, the report emphasizes that this recovery has been largely uneven, with certain retail sectors jumping ahead of their pre-pandemic levels, while others remain severely depressed. The report claims that the high inflationary levels are unlikely to persist as supply chain bottlenecks are worked out, and demand growth in select sectors eases.