US economy returns to pre-pandemic level but misses growth forecasts

US GDP grew 6.5% in the second quarter of 2021, but fears of a slowing recovery persist

The US economy has returned to its pre-pandemic level despite growing at a weaker rate than expected in the second quarter.

Gross domestic product (GDP) increased at a 6.5% annualised rate in the three months to the end of June, according to figures from the US Commerce Department on Thursday, as government financial support helped power a sharp rise in consumer spending.