Thursday, 29 July 2021

Business Highlights: Economic Growth, Robinhood's IPO

Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its prepandemic level. The government estimated that the nations gross domestic product accelerated in the AprilJune quarter from an already robust 6.3% annual growth rate in the first quarter of the year. The quarterly figure fell well below the 8%plus annual growth rate that many economists had predicted for the second quarter. But the miss was due mainly to bottlenecks in supply chains related to the rapid reopening of the economy.

from Top Business News- News18.com https://ift.tt/2TMlJS6
via IFTTT

No comments:

Post a Comment

Beyond Borders: The True Origins Of India's Favorite Brands - Colgate, Bata And Maruti

Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 c...