By Casey Harper (The Center Square)
The U.S.’ Gross Domestic Product grew only 2% for the third quarter of 2021, signaling bad news for the economy. In the second quarter, the GDP grew 6.7%.
The U.S. Department of Commerce released new GDP data showing the disappointing growth figures. According to the agency, this was partly caused by decreased federal spending and lower residential fixed investment.The Commerce Department also pointed to the ongoing pandemic and diminished federal aid for the pandemic but admitted it is impossible to quantify how much impact that had on the slower growth.“The full economic effects of […]
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