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It won’t end well: US economic growth has stalled

It won’t end well: US economic growth has stalled

US GDP growth in the third quarter was much lower than expected and in the previous quarter, according to the Bureau of Economic Analysis (BEA), a statistical institute at the Washington Department of Commerce.

He drinks new meaning It shows that US GDP grew just 2.0 percent in the third quarter — after failing to complete the second quarter with annual growth of 6.7 percent. The theory of revitalizing the economy and its recovery after the crisis has long been forgotten, not least due to the shortage of raw materials in various sectors, but analysts still expect annual GDP growth of at least 2.7 percent in the third quarter.

Annual GDP growth in the current third quarter is the lowest since a record low of 31.2 percent in the second quarter of 2020. The BEA attributes the current slowdown in GDP growth primarily to lower household consumption, which is mainly explained by the tightening of restrictions Disease Control – This has also delayed the resumption of some services. In the third quarter, support for retail and businesses also declined to mitigate the effects of disease control measures.

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