InvestorQ : Can you tell me about the implications of the US growing at 6.5%?
vaishnavi mhatre made post

Can you tell me about the implications of the US growing at 6.5%?

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vidhya Laxmi answered.
5 months ago
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US economy saw GDP growth of 6.5% in the Jun-21 second quarter, slightly lower than the original estimate of 6.4%. This strong trend is likely to continue for the remainder of year 2021. However, many economists in the US have pointed out that any resurgence in COVID-19 infections driven by Delta variant could pose a risk.

As of now, the US economy is reaping the benefits of Biden’s $1.9 trillion pandemic relief as well as the earlier rounds of stimulus to the tune of nearly $6 trillion. In addition, the aggressive vaccinations drive across the US has also helped to soothe frayed nerves and put the economy on a growth path.

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