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The US economy grew way more than expected in the fourth quarter as Omicron fueled the biggest virus surge yet

3 monthes ago   |   By Business Insider

Xinhua/Wang Ying via Getty Images
US gross domestic product grew at an annualized rate of 6.9% in the fourth quarter of 2021.
That exceeded the median estimate of a 5.5% jump and was a huge pickup from the prior quarter's 2.3% growth.
The final months of 2021 saw the Delta wave subside before Omicron fueled an even worse virus surge.
The US economic recovery picked up the pace in the last months of 2021 as the Delta wave faded and the Omicron variant became the latest threat to the rebound. The country's gross domestic product grew at an annualized rate of 6.9% through the fourth quarter...
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GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread

3 monthes ago   |   By CNBC

Gross domestic product likely grew at a 5.5% pace for the fourth quarter of 2021, according to economists surveyed by Dow Jones.
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