US economy

Stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three.

Shares were mostly lower in Asia on Thursday as worries about the U.S. economy and a possible default on U.S. government.

Despite surging interest rates, punishing inflation and global turbulence, the U.S. economy stood firm last year.

Asian shares were mostly higher on Friday following a broad rally on Wall Street, but Hong Kong’s benchmark sank more than 2%.

After a 3.3 per cent contraction in 2020 and a 5.8 per cent rebound in 2021, global GDP growth is projected to slow.

The report indicated no change in the leaders’ strategy for fighting outbreaks.

The pandemic didn’t just threaten Americans’ health when it slammed the US in 2020.

US economy is achieving a remarkably fast recovery