Economic growth slowed dramatically to 2% annual rate in third quarter

[mystery-ak]

Economic growth slowed dramatically to 2% annual rate in third quarter
by Zachary Halaschak, Economics Reporter |
 | October 28, 2021 08:31 AM

Gross domestic product grew at a 2% annual rate in the third quarter of 2021, the Bureau of Economic Analysis announced on Thursday morning.

The growth was slower than forecasters expected and was well below the 6.7% pace of growth that the economy experienced in the second quarter of this year. GDP grew at a 6.3% annual rate during the first quarter.

The delta variant of COVID-19, which caused hospitalizations and deaths to climb starting in early July and peaking last month, likely crimped economic growth.

While businesses experienced surging demand in the second quarter as more people became vaccinated and restrictions were lifted across the country, the delta surge caused businesses to push back reopening plans, new vaccine and mask mandates to be implemented, and travel plans to be canceled.

more
https://www.washingtonexaminer.com/news/economy-grew-annual-rate-third-quarter-2021

[Kamaji]

The delta variant of COVID-19, which caused hospitalizations and deaths to climb starting in early July and peaking last month, likely crimped economic growth.

Total bullshit.

What crimped growth were the inevitable consequences of the shutdowns and lockdowns, leading to the supply chain crisis, and the spending spree the government went on.  All supercharged by Brandon's obvious mismanagement.

[skeeter]

Total bullshit.

What crimped growth were the inevitable consequences of the shutdowns and lockdowns, leading to the supply chain crisis, and the spending spree the government went on.  All supercharged by Brandon's obvious mismanagement.

They have only two excuses for any bad news. This is one.