US Post-Pandemic Economic Growth Revised Higher in Annual Update
The US economy bounced back from the pandemic in stronger shape than previously estimated, spurred mainly by bigger consumer-driven growth fueled by robust incomes, according to revised government data.
The comprehensive annual update from the Bureau of Economic Analysis showed a 5.5% average inflation-adjusted increase in gross domestic product from the second quarter of 2020 through 2023. The revised figure compared with a previously published 5.1% advance.