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The Pandemic Stimulus Was Front-Loaded. That Could Mean a Bumpy Year. – The New York Times

When government support fades away, there’s a risk that the affluent will sit on their cash rather than spend it.

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So a big question for the economy in the second half of 2021 and 2022 is what happens to that cumulative additional savings of $2.5 trillion. Will it prop up near-term spending enough to keep growth on a strong track, or will Americans instead prefer the…

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