The recent report reveals that the economy grew by 5% in the last quarter, exceeding expectations of a 4.7% increase. This growth marks a significant recovery from the previous quarter's 2.3% growth. Additionally, the unemployment rate dropped to 3.8%, the lowest it has been in five years. The report also highlights an increase in consumer spending by 7.2% compared to the previous year. These positive economic indicators suggest a strong and improving economic outlook for the country.