US GDP: Growth Jumps 6.9% as Businesses Rebuild Inventories

The U.S. economy surged ahead 6.9% (annualized) in the fourth quarter, slightly above consensus expectations. Overall, the economy rebounded 5.7% in 2021, more than recouping 2020’s 3.4% contraction. Inventory rebuilding accounted for 71% of growth, contributing an impressive 4.9 percentage points to the headline tally. The increase was led by retail and wholesale trade industries, […]

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