US economy grew 5.7% in 2021 in rebound from 2020 recession


US economy grew 5.7% in 2021 in rebound from 2020 recession Squeezed by inflation and still gripped by COVID-19 caseloads, the economy is expected to keep expanding this year, though at a slower pace. Many economists have been downgrading their forecasts for the current January-March quarter, reflecting the impact of the omicron variant. For all of 2022, the International Monetary Fund has forecast that the the nation’s GDP growth will slow to 4 percent.