[WaPo, courtesy of MSN. H/T Dallas Morning News] Even as the U.S. economy grew at its fastest pace in decades in 2021, the recovery has more recently flashed troubling warning signs, with soaring inflation, whipsawing financial markets and slowing consumer spending complicating the rebound.Don't worry about the 'troubling warning signs', the White House has it all under control!
The economy grew at a blockbuster 6.9 percent annualized rate in the last three months of the year, the Bureau of Economic Analysis said Thursday, as growing business investments, consumer spending and a rush by companies to bolster inventories helped drive GDP much higher in the final months of 2021.
Christmas spending before the shelves were bare?
"Omicron will certainly show up in the GDP numbers, but the economy will bounce back quickly," said Jason Furman, an economics professor at Harvard University who served as an economic adviser during the Obama administration. "It’s like a hurricane that scrambles the data for a bit."
If you can't trust a Harvard economist, trust Brandon!