US economy grew 1.6 percent in 2nd quarter

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Washington, Sep 30 (EFE).- The US economy continues its sustained recovery after its partial collapse during the coronavirus pandemic and expanded by 1.6 percent during the second quarter, although supply problems and the end of several fiscal stimulus programs could cause it to lose a bit of steam in the second half of the year.

The country’s GDP grew by 1.6 percent compared with its performance during the year’s first quarter, thus showing no change from what had been expected, the US Bureau of Economic Analysis (BEA) reported on Thursday.

The third and latest calculation of quarterly economic activity indicated that, in annualized terms, the economy grew by 6.7 percent, slightly above the earlier 6.6 percent calculation, and this reflects the positive impact of reopening many US businesses, the vaccination program and the effect of the government’s assorted stimulus programs.

Once again, the official report said, “government…

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