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US economy set for strongest year since 1951 as growth surges
The Commerce Department reports a 6.4% first quarter GDP rise, unchanged from earlier estimates, signaling robust growth into spring. economists predict a 7.5% annual GDP for 2021 with a 12% quarterly pace in Q2, aided by nearly $3 trillion in government support and healthier consumer spending. durable goods orders rose 2.3% in May, led by aircraft, despite supply chain strains and worker shortages.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Lydia Boussour
Oxford Economics
Boussour
Lynne Sladky