The US economy grew at an annualized rate of only 2% in the third quarter, the Bureau of Economic Analysis reported Thursday. The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices weighed on economic activity.It was far lower than the 2.7% economists had predicted and the slowest pace of growth since the start of the recovery, as well as a massive step down from the 6.7% rate in the spring.
Americas spent less on goods — particularly cars — as well as services, with restaurants and hotels feeling it the most, as consumers again got nervous about being around others.The frenzy in the car market, meanwhile, has been a hallmark of the recovery: New cars were in short supply due to shortages of chips and parts, so Americans bought used cars like never before, driving up prices and snapping up all the used vehicles available.
Well done US, keep the momentum!
And you guys are surprised at China can’t have 5% rate. While the inflation hurt people.
Thank traitortrump for every one of those problems. All those Mexicans he deported were working at low-wage jobs that no one wants to do. Now those jobs sit EMPTY because no one wants them.
And the Biden administration keeps on floundering.
Republicans would make Trump a victim and blame everyone cause they know people couldn't stand Trump. So just remember that when reading how Republicans now hold the president responsible for GPD. Then ask them what that means to them. They can't tell you
The stock market is going up at the historic highest price. Congratulations to Federal Reserve and it's unlimited paper dollar printing
Get Nancy Pelosi husband involed. A great Capitalist American that owens a logistics company.
Let’s Go Brandon!
Lol it’s not delta it’s Biden.
Let’s go…
When they say the US economy is growing, that only means something for people who own capital. The poor are still poor and the democrats still haven't helped.
When We Don't Put God First Seek Him on Everything Well To Be Continue Stay Tuned Because He Is No Play God and we Don't have a Fake Jesus to bring Justice Love Sharon🌹
But your suppost to be the riches country on earth sooo? They said Trump made america great again or what that just an hoax
Thank you President Biden!!
Americans are already tired of all the 'winning'. What a disaster this President is.
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Build back weaker going great
CNN reporting negatively biased half-truths due to its ownership in part by Reichwing OANN-pusher AT&T. STOP ATTACKING BIDEN, however indirectly, and START reporting actual news such as the Rolling Stone report on WH & Rep. members of Congress having co-planned Jan. 6th.
Gee I wonder why? It doesn't take an economist to figure it out just ask any person trying to survive while Washington fights with each other!
Welcome to the Biden/Harris administration
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