3 years ago
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ARTICLE AD BOX
Published19 minutes ago
Image source, Reuters
Image caption,Consumer spending contributed to strong US economic growth
The US economy expanded at its fastest rate since 1972 at the end of last year despite the emergence of the Omicron variant.
Official Commerce Department figures showed the economy grew at an annual rate of 6.9% in the last three months of 2021.
That was far better than analysts had expected, as consumer spending and other activity remained robust.
For the year, the US economy grew by 5.7%.
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