The US economy grew way more than expected in the fourth quarter as Omicron fueled the biggest virus surge yet
US gross domestic product grew at an annualized rate of 6.9% through the last three months of 2021, beating the median 5.5% estimate.
www.businessinsider.com
Highlights:
- 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.