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Michigan State

Progress overcoming pandemic fuels positive growth in US, Michigan, say U-M economists

The U.S. and Michigan economies are showing signs of the recovery experts hoped for as the population emerges from the pandemic, say University of Michigan economists. Real gross domestic product—the value of everything produced in a country—has expanded at a 6.4% annualized pace in the first quarter of this year. That’s even better and sooner than expected, economists say, energized by two recent rounds of government stimulus checks and generous unemployment benefits.