Post-Pandemic Economic Recovery in the U.S.: A Review: Delving Into the Efficacy of Recovery Strategies and Policies

Abstract

This study presents a comprehensive review of the post-pandemic economic recovery in the United States, focusing on the efficacy of various recovery strategies and policy interventions. The research employs a systematic literature review methodology, drawing on recent academic literature, government reports, and publications from financial institutions. The inclusion criteria target studies published from 2020 onwards, with a specific focus on the U.S. economy and its recovery measures. The review identifies key themes, including the impact of government interventions, private sector adaptations, digital transformation, and the shift towards sustainability. Key findings indicate that the U.S. economic recovery has been multifaceted, with significant roles played by both government policies and private sector resilience. Fiscal stimulus packages and monetary policy adjustments have been crucial in stabilizing the economy, while businesses have innovated and digitized operations to adapt to new economic realities. The pandemic has also accelerated trends towards a digital and green economy, presenting both challenges and opportunities for future growth. The study highlights the need for continued support through fiscal and monetary policies, investment in digital infrastructure, and a focus on sustainable development to ensure robust and inclusive economic growth. It also emphasizes the importance of addressing inequalities and fostering public-private partnerships. The review concludes with recommendations for policymakers and economic leaders, emphasizing the need for flexible and adaptive policy responses. Future research directions include exploring the long-term impacts of the pandemic, the effectiveness of specific recovery policies, and the interplay between economic recovery and social issues. This study provides valuable insights into the dynamics of economic recovery post-pandemic and offers guidance for managing future economic challenges.