This is as good as it gets for the US economy

America has already been through a renaissance - it is unlikely to be reborn again

Commuters at Penn Station in New York City last week. Forecasts for another US surge rest in part on faith that it can keep extending its lead in technology, says the writer, but US Internet giants already face challengers in emerging markets, where local entrepreneurs are building market leaders in e-commerce, e-banking and search. PHOTO: AGENCE FRANCE-PRESSE
New: Gift this subscriber-only story to your friends and family

(FINANCIAL TIMES) - Driven by the success of America's vaccine roll-out and massive government stimulus, the United States economy is expected to grow as fast as 7 per cent this year and is currently leading the world recovery.

The commentariat is talking up an "American Renaissance" in a nation that on Sunday marked its 245th Independence Day.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.