Singapore

THE US economy is bouncing back. Berkshire Hathaway's Warren Buffett said at the group's recent annual general meeting that the US economy has been "resurrected in an extraordinarily effective way" by monetary stimulus from the Federal Reserve and fiscal stimulus from the US Congress.

As the US economy opens up amid accelerating vaccinations and another US$1.9 trillion stimulus package makes its way through the system, the Federal Reserve forecasts 6.5 per cent growth in US gross domestic product this year.