1/ The U.S. economy grew 5.7% in 2021 – its fastest pace since 1984, when the country was rebounding from a recession and an era of high inflation. From October to December, GDP increased at a 6.9% annualized pace. Consumer spending also jumped to 7.9%, the most since 1946, but consumer prices reached 7% – the fastest year-over-year inflation since 1982. A record-breaking 6.4 million jobs were also added in 2021. (Washington Post / Associated Press / New York Times / Wall Street Journal / Politico / CNBC / Bloomberg / NBC News)
This is a companion discussion topic for the original entry at https://whatthefuckjusthappenedtoday.com/2022/01/27/day-373/