Fed: US economic recovery is taking place slower than expected
Experts are optimistic about the growth prospects of the economic activity in the United States, however the situation with the coronavirus nevertheless weakened the general optimism. This is the Fed's assessment of the situation. in his Beige Book. The department notes that in most in the American regions, economic activity grew moderately pace. At the same time, in four districts, its growth was weak or absent. at all, and in five others she could not achieve indicators, observed before the spread of the pandemic, notes Federal Reserve. Employment rates have risen in almost all counties, which, however, it was slow. Companies talk about difficulties with recruitment and retention of staff. In an interview with the department, experts noted that they retain optimistic about the future of the American economy, but the second wave of the pandemic and the tightening of quarantine measures increase their concern.