There has been a slowdown in U.S. economic growth during the third quarter of the year, following the fast-spreading Delta variant of coronavirus which has limited consumer spending.
The economy expanded at an annualized rate of just two percent in the three months to September that down from a high of 6.7 percent in the previous quarter.
The situation is compounded by U.S. supply chain issues, rising inflation, and new COVID-19 restrictions in some places.
However, analysts foresee a turnaround and uptick in growth as the pandemic shows signs of decrease and supply chain kinks ironed out.
Readers Bureau, Contributor
Edited by Jesus Chan
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