Today: December 6, 2024
January 28, 2022
1 min read

US GDP grows 5.7% in 2021, the largest expansion since 1984

US GDP grows 5.7% in 2021, the largest expansion since 1984

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%.



Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Previous Story

They arrest 9 people allegedly linked to the ‘West Side 4 Life’ gang in Colón

Deaths from covid fell, but remain above 200
Next Story

Deaths from covid fell, but remain above 200

Latest from Blog

Go toTop