US GDP increased by an annualized rate of 6.4% in Q1, marking the third consecutive quarterly increase and coming in largely in line with analyst expectations. The increase was driven by the “continued economic recovery, reopening of establishments, and continued government response” related to the coronavirus outbreak, according to the Bureau of Economic Analysis (source).
The New Paper
This story is from the April 30, 2021 edition of The New Paper. To receive TNP daily subscribe below.
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