U.S. Economy Grew 1.7% in 4th Quarter, Capping a Strong Year
The overall 2021 increase in the gross domestic product was the biggest in decades as the pandemic’s effects eased, though challenges continue.
Continuing to rebound from the shocks of the pandemic, the nation’s economy expanded by 1.7 percent in the final three months of 2021, the Commerce Department announced Thursday.
The figure, which was adjusted for inflation, reflects the growth in gross domestic product — the broadest measure of the goods and services produced. On an annualized basis, the increase for the quarter was 6.9 percent.
For the full year,...