Europe’s economy shrank in the first quarter of 2021 as the United States grew, և The White House is the first to point out that the latter was not “inevitable”.
In the first three months of 2021, Europe’s economy shrank by 0.6 percent, bringing it back into recession, stressing that “the region is lagging behind other major economies in the wake of the coronavirus.” Associated Press: reports on Friday. At the same time, the Bureau of Economic Analysis announced on Thursday that the US economy grew by 1.6% in the first three months of 2021 The Washington Post:,
Despite rumors of a shrinking European economy in the first quarter, White House Chief of Staff Ron Klein on Twitter on Friday“There was nothing ‘inevitable’ or ‘easy’ about the turn we saw in America during these 100 days.”
MSNBC’s Chris Hayes agreed Klein said that while the United States “had one of the worst health reactions to COVID,” it “had one of the best tax responses in the world,” Hayes said “last year” before President Biden took office.
In: New York Times: “Europe’s economy shrank in the first quarter, reflecting its” much less aggressive stimulus spending և intensified efforts to provide vaccines, “he said, noting that Europe” started the crisis with much more comprehensive social security programs “and” restricted the growth of unemployment. ” But CNN writes that Europe’s economy is “starting to show signs of life”, with experts predicting that once restrictions are eased and vaccines continue to be available, there will be a “strong return”.
More stories from theweek.com
Republicans are revealing their red line
Timber is shockingly expensive. Thank you, Obama.
5 hilarious funny cartoons about Fox News meaty hysteria