GDP Grows Just 2% in Third Quarter, Falling Short of Diminished Expectations

Posted on AllSides October 28th, 2021
From The Right
Economy and Jobs, GDP, Delta variant, coronavirus
AP Photo/ Evan Vucci

U.S. economic growth crashed in the third quarter, as the economy grappled with the Delta variant driving a resurgence of Covid-19 infections and supply-chain disruptions.

Gross domestic product—the value of all goods and services produced in the U.S.—grew at an annualized rate of two percent from July through September, after adjusting for inflation and seasonality, the Commerce Department said Wednesday.

That was below the consensus expectation for 2.9 percent growth.

The economy grew at a better than expected 6.7 percent in the second quarter, boosted by widespread business reopenings, vaccinated Americans...

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