US registers weaker growth of its pandemic recovery

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(Bloomberg) – US economic growth slowed more than expected in the third quarter at the slightest pace in the pandemic recovery period, following supply chain problems and a surge in covid cases. -19 repress spending and investment.

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Gross domestic product expanded at an annualized rate of 2% after a 6.7% pace in the second quarter, the preliminary estimate from the Commerce Department showed on Thursday.

The slowdown reflected a sharp slowdown in personal consumption, which grew at a pace of just 1.6% after a rapid advance of 12% in the previous period. Shortages, transportation bottlenecks, rising prices and the delta variant of the coronavirus affected spending on goods and services.

The median estimate from a Bloomberg survey of economists was a 2.6% increase in GDP.

Nota Original:U.S. Posts Weakest Growth of Pandemic Recovery on Supply Woes

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