GDP in fourth quarter of 2021 grew at annualized rate of 6.9%, exceeding expectations
(Worthy News) – The Commerce Department reported Thursday the country’s gross domestic product increased in the last quarter of 2021 at a 6.9% annualized pace, exceeding expectations.
The GDP, the sum of all goods and services produced in the United States. grew in the October-through-December period, despite supply chain issues and the emergence in December of COVID-19’s high-contagious Omicron variant, which likely slowed growth late the fourth-quarter of 2021.
Economists surveyed by Dow Jones expected a 5.5% gain, according to CNBC. The increase also exceeded the unrevised 2.3% growth in the third quarter, the news outlet also reports. [ Source: Just the News (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
