- By Jennifer Prill
- (General Dispatch) – The first three months of the year 2021 meant for the United States an increase in the economy, as the country’s states reactivated economic activities paralyzed by a year of pandemic.
- The sum of all final goods and services produced in the United States (GDP) increased by 6.4% in the period from January to March 2021.
- It is important to mention, that the effects caused in the economy are not attributed to the current administration, these are driven by then President Donald Trump’s stimulus controls.
- In principle, the economic growth originates from the combination of former President Donald Trump’s economic policies and the openness of the business sector in its multiple dimensions.
- Nonetheless, per capita consumer spending increased by 10.7% driven by 23.6% in goods outlays, this includes appliances, trucks and automobiles.
- Consequently, the price index (PCE), whose inflationary indicator registered a relatively high increase of 3.5% compared to recent years.
- Undoubtedly, the economic performance of the last quarter is due to the efficient impulse of the economic reactivation that, as businesses opened up, strengthened the economy.
- Although former President Donald Trump was unable to continue his term in office, the economic policies implemented are part of a set of decisions that led to a better quality of life for Americans.
Adittional Information:
Breitbart: U.S. GDP Jumped 6.4%—Before the Biden Stimulus
Business insider: US GDP grew 6.4% in the first quarter as the economy began to reopen
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