Recovery still slow, but constantly improving. It is what emerges from Federal Reserve Beige Book, which takes stock of the state of the US economy, confirming the slow recovery that began almost three years ago.
From mid-February to the end of March, the report said, the economy continued to grow “at a modest to moderate rate”. In detail, manufacturing activity continued to recover “in most regions”.
“In many regions – writes the Fed further – industries are optimistic about their growth prospects“, even if there is some concern “about the increase in the price of oil”.
