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U.S. economy thrives after the pandemic

Between vaccines and government aid, the economy was able to grow at 6.5% this past quarter.

The total output for goods and services boosted in the April-June quarter this year, and while the figure was less than what analysts might have predicted, the reason is likely a shortage of goods and labor.

The expectation is for the economy to expand by 7% by the end of 2021, which would be the strongest year since 1984.

Last year was the worst year in the last 74 years due to the pandemic.

With an average of 60,000 new cases of Covid-19 throughout the United States, the unknown is looming ahead when it comes to the economy. One month ago there were only 12,000 cases.

The economy continues to thrive right now with 850,000 new jobs added within the last month and hourly wages increasing.

Categories: BusinessNews