Skip to content
Subscriber Only
Markets
Economics

U.S. Recovery Gains Steam as Spending Fuels 6.4% GDP Growth

  • Value of total output closes in on pre-pandemic peak
  • Personal spending topped estimate with annualized 10.7% gain
Video player cover image
U.S. Jobless Claims Fall, GDP Shows Economic Resurgence
Updated on

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here

U.S. economic growth accelerated in the first quarter as a rush of consumer spending helped bring total output to the cusp of its pre-pandemic level, foreshadowing further impressive gains in coming months.