US economy grows 6.4 per cent in first quarter as recovery gathers momentumSouth China Morning Post

Source: South China Morning PostThe US reported that its economy grew 6.4 per cent on an annualised basis in the first quarter, a faster clip compared to the previous quarter as the pandemic turned a corner with a concerted push for vaccination.The US economy expanded to US$22.05 trillion at the end of March, according to preliminary data released by the Commerce Department on Thursday. Economists had estimated the first quarter to grow 6.1 per cent.In comparison, China soared 18.3 per cent in the first quarter from a year…Read More

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