After a G.D.P. decline of -3.3% during 2020, the U.S.A. economy grew by 6.4% in the first quarter of 2021, announced the Commerce Department.
This returns to within 1% of a pre-Covid-19 measure pandemic size.
From US$19.250 billion in Q4 2019, the GDP of the United States had now reached a value of US$19.090 billion in Q1 2021. On May 2, 32% of the U.S. population has been fully vaccinated.
Such a recovery has been largely driven by consumer goods and consumer incentive vouchers. Economists expect economic growth to accelerate further in Q2 and remain stable in the second half of the year. “If you had asked me a year ago where we...
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