Everyone is worried the economy is 'overheating'. But what does that actually mean?
CNN
The economy is on the path to recovery but it's still far from repaired. Yet investors and economists are already worried it might be growing too fast. Here's what experts actually mean when they talk about the "overheating" economy.
Just over a year ago, the US economy faced its worst downturn on record as businesses shuttered and the nation hunkered down in the face of the pandemic. Economic activity ground to a halt last spring and then rebounded over the summer. This rebound is ongoing, but we're not quite back to normal. For example, the size of the economy was nearly $19.1 trillion at the end of March, some $166 billion lower than it was at the end of 2019, before the pandemic hit. America is also still down more than 8 million jobs compared with February 2020.
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