The U.S. economy is expected to recoveto pre-coronavirus levels within a year as President Joe Biden's planned fiscal package helps spur economic activity - but it will likely take more than a year for unemployment to drop to early 2020 levels, a Reuters poll showed.

A Feb. 8-11 poll of 120 economists found that confidence in a recovery this year has increased with improved forecasts, thanks to a proposed $ 1.9 trillion fiscal stimulus package.

More than 90%, or 51 of 56 economists who answered supplementary questions, said the US economy will reach pre-crisis level within a year. That said, 23 of them expect this to happen within six months. The optimism about economic recovery has given rise to expectations of future growth and inflation. However, success of vaccination programs and their efficacy will be very important in determining whether economic projections become a reality.

The US economy, which recovered at a 33.4% year-on-year rate in the third quarter after a record 31.4% fall in the second quarter, grew 4.0% in the fourth quarter, the survey showed.

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