The United States economy expanded 5.7% in 2021, marking the best one-year performance since 1984 and underscoring the recovery from a coronavirus pandemic-induced economic downturn, data from the Commerce Department showed Thursday.
In the October to December quarter, the economy grew an annualised real 6.9% from the preceding quarter. The growth in terms of inflation-adjusted gross domestic product exceeded the average market forecast of 5.5%.
But the outlook remains uncertain amid the spread of the highly transmissible Omicron variant of the coronavirus, with cases skyrocketing earlier this month, and rising inflation on the back…
