Economy grew at 6.4% rate in first quarter as US emerges from pandemic
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(Worthy News) – The economy just experienced the second-largest quarterly growth IN 18 years as vaccinations continue and consumers begin to spend more.
U.S. gross domestic product grew at a 6.4% annual rate in the first quarter of 2021, the Bureau of Economic Analysis announced on Thursday morning. The growth was a bit short of expectations but shows that economic growth is moving in the right direction.
Last year’s fiscal year saw the two biggest swings in U.S. GDP history. The second quarter of 2020 (April 1 through June 30) experienced a colossal 31.4% plunge into the red, although the drop boomeranged back in the third quarter to the largest GDP increase in U.S. history, a 33.4% rise. [ Source: Washington Examiner (Read More…) ]
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