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GDP Stays Strong In the First Quarter 0f 2021

Thu, April 29, 2021 4:32 PM | Anonymous member (Administrator)

The U.S. Bureau of Economic Analysis (BEA) reported today that real Gross Domestic Product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. In the first quarter, government assistance payments, such as direct economic impact payments, expanded unemployment benefits, and Paycheck Protection Program loans, were distributed to households and businesses through the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan Act. In the fourth quarter of 2020, real GDP increased 4.3 percent.


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