US economy soars 6.4% in first quarter as stimulus and vaccinations help recovery

Vaccinations, round of stimulus and a steady recovery in the jobs market helped reverse some of the impact of the pandemic

The US economy took off in the first quarter soaring 6.4% as rising vaccinations, a massive round of government stimulus and a steady recovery in the jobs market helped reverse some of the impact of the coronavirus pandemic.

The annualized rate, released by the Commerce Department on Thursday, suggests the US economy is firmly on the road to recovery. In normal times the US economy grows at about 2-2.5% a year but the pandemic triggered wild swings as the country went into lockdown and businesses shuttered.

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Coronavirus | The Guardian

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