The world’s largest economy staged a solid recovery last year as it grew at the fastest pace since 1984, but damage from the Omicron variant of Covid-19 is imminent.
Surging prices continue to pose a challenge, as inflation picked up speed in the final three months of the pandemic’s second year, according to official data released Thursday.
That threatens to dampen the consumer demand that has underpinned the recovery, while shortages and supply chain snarls continue to create headaches for businesses, and for President Joe Biden’s efforts to return the country to normal.—AFP
