With these results, the Gross Domestic Product of the United States experienced an economic expansion of 5.7% throughout 2021, the largest increase since 1984, according to the New York Times.
The rapid recovery in the United States was fueled by consumer spending, which grew 3.3%, and the reactivation of private investment; in addition to cheap credit conditions and federal aid for homes and businesses, according to the Department of Commerce.
The growth of 6.9% in the quarterly GDP, at an annual rate, exceeded the expectations of the economists consulted by the Dow Jones, who expected an increase of 5.5%.
