EFE.- The United States’ Gross Domestic Product (GDP) increased 1.6% in the second quarter compared to the previous three months, unchanged from the previous estimate, the Office of Economic Analysis (BEA) reported today.
The second calculation of the quarterly economic activity, which grew at an annual rate of 6.6%, slightly above the 6.5% of the previous estimate, reflects the positive impact of the reopening of businesses, vaccinations and government stimulus programs.
However, the official report stressed that last quarter “government payments in the form of loans and funds to local and state authorities increased, while social benefits to households, such as direct transfers, were reduced ”.
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The value of economic activity in the US, the world’s leading economy, already exceeds the levels prior to the Covid-19 pandemic.
The latest estimates from the Federal Reserve (Fed), the US central bank, place growth for the end of 2021 at around 7%, which would be the highest rate since the 1980s, after the 3.4% contraction in 2020 .
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