G.D.P. growth accelerated in the first quarter.

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76

The economy picked up speed last quarter, shaking off some of the lingering effects of the pandemic as consumer spending grew, bolstered by government stimulus checks and an easing of restrictions in many parts of the country.

The Commerce Department reported Thursday that the economy expanded 1.6 percent in the first three months of 2021, compared with 1.1 percent in the final quarter last year.

G.D.P. is nearly back to pre-pandemic levels. #g-levels-box , #g-levels-box .g-artboard { margin:0 auto; } #g-levels-box p { margin:0; } #g-levels-box .g-aiAbs { position:absolute; } #g-levels-box .g-aiImg { position:absolute; top:0; display:block; width:100% !important; } #g-levels-box .g-aiSymbol { position: absolute; box-sizing: border-box; } #g-levels-box .g-aiPointText p { white-space: nowrap; } #g-levels-335 { position:relative; overflow:hidden; } #g-levels-335 p { font-family:nyt-franklin,arial,helvetica,sans-serif; font-weight:300; line-height:17px; height:auto; filter:alpha(opacity=100); -ms-filter:progid:DXImageTransform.Microsoft.Alpha(Opacity=100); opacity:1; letter-spacing:0em; font-size:14px; text-align:left; color:rgb(0,0,0); top:1.1px; position:static; text-transform:none; padding-bottom:0; padding-top:0; mix-blend-mode:normal; font-style:normal; } #g-levels-335 .g-pstyle0 { height:17px; text-align:right; text-transform:uppercase; position:relative; } #g-levels-335 .g-pstyle1 { line-height:16px; height:16px; font-size:13px; color:rgb(153,153,153); top:1px; position:relative; } #g-levels-335 .g-pstyle2 { font-weight:700; line-height:22px; height:22px; font-size:18px; color:rgb(213,78,5); top:1.4px; position:relative; } #g-levels-335 .g-pstyle3 { height:17px; text-transform:uppercase; position:relative; } #g-levels-335 .g-pstyle4 { height:17px; position:relative; } #g-levels-600 { position:relative; overflow:hidden; } #g-levels-600 p { font-family:nyt-franklin,arial,helvetica,sans-serif; font-weight:300; line-height:19px; height:auto; filter:alpha(opacity=100); -ms-filter:progid:DXImageTransform.Microsoft.Alpha(Opacity=100); opacity:1; letter-spacing:0em; font-size:16px; text-align:left; color:rgb(0,0,0); top:1.3px; position:static; text-transform:none; padding-bottom:0; padding-top:0; mix-blend-mode:normal; font-style:normal; } #g-levels-600 .g-pstyle0 { line-height:17px; height:17px; font-size:14px; text-align:right; text-transform:uppercase; top:1.1px; position:relative; } #g-levels-600 .g-pstyle1 { line-height:16px; height:16px; font-size:13px; color:rgb(153,153,153); top:1px; position:relative; } #g-levels-600 .g-pstyle2 { font-weight:700; line-height:22px; height:22px; font-size:18px; color:rgb(213,78,5); top:1.4px; position:relative; } #g-levels-600 .g-pstyle3 { line-height:17px; height:17px; font-size:14px; text-transform:uppercase; top:1.1px; position:relative; } #g-levels-600 .g-pstyle4 { height:19px; position:relative; }

2019 Q4 LEVEL

$20 trillion

+1.6%

FROM

PRIOR

QUARTER

15

10

Gross domestic product,

adjusted for inflation and

seasonality, at annual rates

5

’15

’16

’17

’18

’19

’20

’21

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