- February 24, 2022
- Posted by: Stratford Team
- Category: Economy
Atlanta, Georgia, Feb. 23, 2022 (GLOBE NEWSWIRE) — Economic optimism about emerging from the pandemic’s shadow is progressing in a two-steps-forward, one-step-back manner, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business.
“Case in point: 2021 was a tale of two halves. The U.S. economy grew by 6.5 percent in the first half of the year, powered by the Covid vaccination campaign and a third federal stimulus program. Consumers began returning to restaurants, scheduling elective procedures and resuming personal travel,” Dhawan said today (Feb. 23) when he delivered his economic forecast for 2022 and beyond.
By contrast, the forecaster noted, “the second half of 2021 was marked by moderation. The Covid-19 delta variant slowed restaurant and hospitality sales, the end of extended unemployment insurance payments dented consumer purchasing power, and gasoline…