The project is based on the following materials: Article in the Harvard Business

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The project is based on the following materials:
Article in the Harvard Business Review:
“Assessing the Risks in the US Economy” by Martin Reeves et al, March 14, 2022
Accessing the Article: The Article can be purchased for $4.25 on the Website of the Harvard Business School: https://hbsp.harvard.edu
Article Reference No: H06XFN-PDF-ENG
NYT Article about “The New Normal” 0322022 (see attached)
The Harvard article reviews to key risks to the US economy when it is still recovering from the COVID pandemic and facing new challenges from the war in Ukraine. Prior to the start of the Ukraine war, the US economic outlook was stressed, but hopeful. The Ukraine conflict has exacerbated current pressures and introduced significant uncertainty. The NYT article looks at the longer term post-COVID trends in the US economy (aka The New Normal”).
Some of the areas to cover:
What was the direction of economic policy in early 2021 when the Biden administration started ? Did the preferred scenario of the administration in terms of the major macroeconomic aggregates (economic growth, employment, inflation) materialize?
What has happened in the past 12 months in terms of the macroeconomy?
What are the forces driving inflation?
Have inflationary pressures peaked?
Describe the two kinds of recession (Financial and Real Economy)
Given the breadth and complexity of the issues, students can choose to be comprehensive, or choose several themes and issue. While the articles should provide enough material, students are encouraged to research additional articles on the topic. Make sure to reference the articles in both the text and the bibliography

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