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Business News Roundup, June 2, 2021

An uneven global economic recovery, U.S. Chamber concerns about the labor shortage, and a wind turbine vessel agreement are among the top business news items this morning.


The Wall Street Journal is noting how fears of an overheating United States economy and runaway inflation come amid slower economic recovery in the rest of the world. This trend applies to advanced economies as well, with the U.S. standing as the only developed nation where Wall Street’s GDP forecasts for 2025 are higher than they were before the COVID-19 pandemic.

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The U.S. Chamber of Commerce is raising the alarm about the labor shortage, saying job vacancies are growing and local chambers of commerce are blaming a shortage of workers for slowing the economic recovery in their communities. The Chamber has also launched an “America Works” initiative, aimed at mobilizing business groups and government to implement policy changes that will train workers for in-demand jobs.


Ørsted and Eversource announced that they have reached a deal for the use of a wind turbine installation vessel, which is currently under construction in Texas as the first American vessel designed and built to support the offshore wind industry. The vessel is scheduled to arrive in New London in 2023.

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