NATIONAL

US Economy Up 6.4% In Q1 With Stronger Future Gains Expected

0
This April 6, 2021 photo shows the CMA CGM Argentina arrives at PortMiami in Miami. The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in growth led by strong consumer reporting.(AP Photo/Lynne Sladky, File)

(AP) — The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades. The Commerce Department said Thursday that growth in the gross domestic product, the country’s total output of goods and services, was unchanged from two previous estimates. The gain represented an acceleration from growth at a 4.3% rate in the fourth quarter. Economists believe GDP growth has accelerated even more in the current April-June quarter as increased vaccinations have allowed for more businesses to re-open and encouraged consumer to get out and spend. The spending has been aided by the nearly $3 trillion in support the government has approved since December.

Lilly To Seek FDA Approval For Potential Alzheimer’s Drug

Previous article

Governor’s Office Says $459K In Private Donations Made For Border Wall

Next article

You may also like

More in NATIONAL