BUSINESS

U.S. Economy Bounces Back

The US economy continued to recover in the first three months of the year as businesses reopened and the government spent heavily on COVID-19 relief for citizens.

The economy grew at an annualized rate of 6.4% in the quarter, up from 4.3% in the final three months of 2020.

The US economy is rebounding faster than expected after contracting sharply in 2020.

But it is several years away from fully recovering from the pandemic recession.

Readers Bureau, Contributor

Edited by Jesus Chan

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