US Senate passes 1.9 trillion USD relief bill
(VOVWORLD) - Prospects for the US economy will be brighter after the Senate on Saturday passed a stimulus bill worth 1.9 trillion USD to help strengthen the economy while COVID-19 vaccination is being promoted.
 The Herald Square in New York, USA on January 8, 2021 (Photo: AFP / VNA) |
According to Bloomberg, the US economy's growth rate in the first quarter is 4.8%, twice as fast as economists predicted two months ago.
Gross domestic product (GDP) is expected to grow 5.5%, the fastest increase since 1984 and up 4.1 % compared to January estimation.
President Joe Biden said the bill will be a big engine for the economy by creating millions of new jobs and increasing GDP by 1 trillion USD.