The global economy's 2020 hangover is far from over
CNN
It's almost 2022, but 2020 isn't done with us yet.
Despite good news about Covid-19 vaccinations, a solid economic rebound and seemingly boundless optimism on Wall Street, we're nowhere near out of the woods.
The global supply chain is a wreck. Europe and Asia are facing a potentially crippling energy shortage. And the US government's partisan gridlock over the debt ceiling is far from resolved. All of that has the global economy in a vise grip that we won't be free of anytime soon.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.