Day: April 13, 2022

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NPR

Somehow, the economy grew last year at the fastest pace since 1984 : NPR

Last year saw the fastest economic growth since Ronald Reagan was president. But for many people, 2021 felt less like "Morning in America" and more like a restless night, dogged by fitful dreams about the ongoing pandemic.

The Commerce Department reported Thursday that the nation's gross domestic product grew 5.7% last year — the biggest increase since 1984. But the growth arrived in fits and starts, with hopes for a steady recovery repeatedly dashed by successive waves of infection.