U.S. economy grew at annual rate of 2% in the third quarter, as delta variant pulled back progress

Posted on AllSides October 28th, 2021
From The Left
Economy and Jobs, GDP, Delta variant, coronavirus
David Paul Morris/Bloomberg

The U.S. economy grew at an annual rate of 2 percent in the third quarter, in the latest sign of how the recent delta variant of the coronavirus held back the economic recovery.

The gross domestic product figures for the July-through-September period, released Thursday by the Bureau of Economic Analysis, came in far lower than the booming 6.7 percent growth in the previous quarter, reflecting an economy struggling anew amid the delta variant surge, which tore through unvaccinated communities in August and September and is only easing now.

The third quarter was the...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.washingtonpost.com/business/2021/10/28/gdp-q3-economy-delta/

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right