The United States has exceeded their level of pre-crisis GDP with growth in 2021 at the highest for thirty-seven years.
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US growth reached 5.7% in 2021, after removing 3.3% the previous year when the CVIV-19 crisis broke out. This unpublished performance since 1984 and higher than the expectations has been achieved through a last quarter (6.9% in annual rhythm) before the Omicron variant really does. Annual growth can be explained by consumption, which increased by 7.9%, and in particular by the demand for property, which exploded by 12.1%.
It is this rocking services to property, particularly sustainable, which partly explains the scarcity and bottlenecks of the American economy, particularly in the automobile. The investment took over at a rate of 9.5%. Imports raised 14% while exports only increased by 4.4%. As a result, trade has had a negative contribution to US growth.
Reflux of federal aid
“Off-defense government expenditures increased by 2.8% compared to 8.1% in 2020. The Trump Plans and Biden, with their massive transfers, had resulted in a quarterly increase in household disposable income from 50%. winter 2020 and 40% to spring 2021, before retreating. Result, the disposable income of the Americans, which had increased by 6.2% in 2020, increased by only 2.1% in 2021. The trend of the last three quarters is logically negative, with the reflux of federal aid.
In total, the United States has erased the pandemic in terms of growth, with a higher GDP of about 3.7% in the last quarter 2021 than it was in the last quarter of 2019. This recovery has allowed Unemployment to fall in the United States at 3.9%. The country, which destroyed 22 million jobs, remains withdrawn by 3.6 million jobs. It was at the price of a revival of inflation, largely caused by bottlenecks in the economy, which reaches 7%.