The global economy is moving forward in fits and starts, with varying results in different regions of the world. Covid-19 continues to be somewhat of a headwind for the economy, with the Delta variant raising concerns over a rise in new cases.
The global economy is forging ahead as it continues to recover from the very severe, but also very brief, recession triggered by the pandemic.
The US economy suffered through the shortest but most severe recession on record as a result of the pandemic, but is in the midst of staging a strong recovery.