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US Growth in Q4 Revised Slightly Lower to 6.9%

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A worker does quality inspection in Fuyao Glass America (FGA) facility located in Moraine, Dayton of Ohio, the United States, Aug. 21, 2018. In 2014, Fuyao bought a former General Motors (GM) facility that was closed in the 2008 Financial Crisis in Moraine, Dayton, for 15 million dollars, and turned it into a two-million-square-feet glass manufacturing plant. The plant started operation in 2015, and now employs more than 2,100 workers. It is the third largest manufacturer and one of the top employers in the Greater Dayton region. The plant keeps expanding as orders keep pouring in, meanwhile American workers find promotion opportunities in the Chinese glasswork. (Xinhua/Wang Ying) 有英文文字,请核发。 (Photo by Xinhua/Sipa USA)

WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates.

For all of 2021, the nation’s gross domestic product — its total output of goods and services — jumped by 5.7%, the fastest calendar-year growth since a 7.2% surge in 1984 in the aftermath of a brutal recession.

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