Covid and economic stimulus

Prior to Covid, the US economy had been declining compared with other countries, and the pandemic itself highlighted existing weaknesses. Now America’s economy is surging, powered by President Joe Biden’s massive financial stimulus plan. International economist Jim O’Neill hears from economists who argue that new fiscal policies could support a transformational moment for America’s economy - and from others who warn that dangerous inflationary pressures are being stoked.

(Photo: President Joe Biden delivers remarks on the state of his American Rescue Plan from the State Dining Room at the White House, Washington, D.C. Credit: Jonathan Ernst/Reuters)