The U.S. economy surged 6.5% in the second quarter of 2021 as states continued to end coronavirus-related restrictions that triggered an economic recession last year.
The U.S. gross domestic product (GDP), a measure of net services and goods produced, jumped at a 6.5% annual rate between April and May, according to a Bureau of Economic Analysis (BEA) report released Thursday. GDP plummeted 31.4% in the second quarter of 2020 amid the massive nationwide economic shutdowns that occurred during the first coronavirus outbreak.
Read the full story