U.S. Economy Rebounds as Pain Caused by Pandemic Eases: Live Updates
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The economy picked up speed last quarter, shaking off some of the lingering effects of the pandemic as consumer spending grew, bolstered by government stimulus checks and an easing of restrictions in many parts of the country.
The Commerce Department reported Thursday that the economy expanded 1.6 percent in the first three months of 2021, compared with 1.1 percent in the final quarter last year.
On an annualized basis, the first-quarter growth rate was 6.4 percent.
G.D.P. is nearly back to pre-pandemic levels.
2019 Q4 LEVEL
and seasonality, at annual rates