US economy returns to pre-pandemic level but misses growth forecasts
by Richard Partington Economics correspondent from Economics | The Guardian on (#5MR69)
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.
Related: US inflation hits 13-year high in June
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