Markets.News
Yesterday, a new report was released stating that the economy grew by 5.4% in the last quarter, surpassing expectations and marking the highest growth rate in the past decade. This growth was primarily driven by a surge in exports, which increased by 8.2%, while consumer spending also saw a notable increase of 6.7%. Additionally, business investments grew by 4.3%, contributing to the overall economic expansion. Analysts attributed this strong performance to government stimulus measures and an increase in vaccination rates, leading to a boost in economic activity. Unemployment rates also decreased by 1.2%, reaching a new low of 4.1%. However, concerns have been raised about inflation, which rose by 2.5% in the same period, prompting calls for further monitoring by policymakers to ensure sustained economic growth.