The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains.
…
The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains. The U.S. gross domestic product (GDP), a measure of net services and goods produced, grew at a 2% rate during the third quarter of 2021, the slowest gain of the pandemic era, the Bureau of Economic Analysis (BEA) reported Thursday. GDP grew at a historically fast annual rate of 6.3% in Q1 and 6.7% in Q2 after government stimulus, businesses reopening and rising vaccination rates prompted spending, The Wall Street Journal reported. Economists surveys by Dow Jones projected growth of 2.8% in Q3, according to CNBC. Thursday’s figure was the slowest GDP gain since Q2 2020, when it dropped 31.2% during the start of the COVID-19 pandemic, CNBC reported.
