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Economy recovers pandemic losses, but faces new test GDP grew 1.6% in the second quarter of the year – up from 1.5% in the first three months of 2021. FILE Shoppers in Miami Beach, Fla., April 29, 2021. Factors like stimulus checks and rising coronavirus vaccination rates lifted the economy in the spring, but the Delta variant is clouding the outlook for the rest of the year.. (Scott McIntyre/The New York Times) By Ben Casselman, New York Times Service updated on July 29, 2021 Email Vaccinations and federal aid helped lift the U.S. economy out of its pandemic-induced hole in the spring. The next test will be whether that momentum can continue as coronavirus cases rise, masks return and government help wanes. ....