Day: October 28, 2021

Delta Variant, Shortages Severely Restrict U.S. Economic Growth in Third Quarter

Reuters (10/28/21) Mutikani, Lucia The U.S. economy experienced its slowest growth in over a year in the third quarter, with Gross Domestic Product (GDP) rising at a 2.0% annualized rate, attributed to rising Covid-19 infections impacting global supply chains and causing shortages of goods, which dampened consumer spending. This marks a significant deceleration from the 6.7% growth rate in the second quarter and was lower

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