The U.S. economy grew by 6.5 percent during the second quarter of 2021, surpassing pre-pandemic growth levels for the first time, the Commerce Department said on Thursday.
While the economy has grown beyond its size before the coronavirus pandemic, growth in the second quarter fell short of expectations. Economists had projected growth of about 8.5 percent, in interviews with the Wall Street Journal and Reuters.
Further impediments to growth include rising inflation and supply-chain shortages, including a shortage of computer chips. Additionally, many unemployed Americans have not yet returned to the workforce.
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