US first quarter growth rate of 6.4 percent – US first quarter growth rate of 64 percent

US first quarter growth rate of 6.4 percent – US first quarter growth rate of 64 percent

Washington, May 27 (AP) The US economy recorded a robust 6.4 percent year-on-year growth in the three months of the year, according to US administration estimates.

With the help of vaccines to deal with Kovid-19 and the government’s help of thousands of billions of dollars, the recovery from last year’s recession accelerated earlier this year.

The US Commerce Department said on Thursday that the growth in gross domestic product (GDP) remained similar to estimates made by the US administration a month ago.

Economists believe that the GDP growth rate could be more than 10 percent in the current April-June quarter.

He has projected a growth rate of over six percent for the full year, which would be the strongest performance of the country’s economy since 1984 when the US achieved a growth rate of 7.2 percent.

AP Pranav Ajay

Ajay

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