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Earlier this year the US economy has shown signs of recovery as annualized GDP growth reached 6.4% in the first quarter signaling the reversal of the slowdown caused by the Covid-19 pandemic.
The global economy is facing unprecedented levels of uncertainty, with the COVID-19 virus infecting over a million people globally and dealing a severe blow to financial markets across the globe.
The U.S. economy is unlikely to enter into a recession during the next two years, barring a major asset price correction. Assets are likely overvalued but the effect of a negative correction on the economy...