Gross domestic product of the United States rises 0.6 %

The Government Office of Economic Analysis determined that US GDP grew from the previous three months

The Gross Domestic Product (GDP) of the United States in the third quarter of 2021 experienced an increase of 0.6% compared to the previous three months, which represents an upward revision of one tenth compared to the previous estimate of the data, according to the Government Economic Analysis Office.

Despite this improvement, the growth of this indicator in the US during the third quarter represents a significant slowdown compared to the 1.6% observed between April and June, as well as compared to the expansion of 1.5% in the first three months of the year.

The Office highlighted that between July and September the increase in new cases of Covid-19 caused new restrictions and delays in the reopening of establishments in some parts of the country.

In annualized terms, the US GDP slowed down to a growth of 2.3% between July and September, two tenths more than the previous estimate. In the immediately preceding quarter, the annualized expansion of the economy was 6.7%. Between January and March, the growth reached 6.3%.

K. Tovar

Source: Infobae

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