The US economy grows 1.6% in the second quarter of 2021
EFE.- The Bureau of Economic Analysis (BEA) reported today that US gross domestic product rose 1.6% in the second quarter from the previous three months, unchanged from previous calculations.
The second calculation of quarterly economic activity, which grew at an annual rate of 6.6%, just above 6.5% from the previous estimate, reflects the positive impact of reopening businesses, vaccinations and government stimulus programmes.
However, the official report confirmed that the last quarter “Increase government payments in the form of loans and funds to local and state authorities, While social benefits to families, such as direct transfers, have been reduced.”
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The value of economic activity in the United States, the world’s leading economy, has already exceeded levels prior to the COVID-19 pandemic.
The latest estimates of the Federal Reserve (Fed), the US central bank, put growth for the end of 2021 at about 7%, the highest rate since the 1980s, after contracting by 3.4% in 2020.
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