7/29, 6:43 PM (Source: TeleTrader)
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Yellen: US economy now above pre-COVID levels

United States Secretary of the Treasury Janet Yellen (pictured) on Thursday welcomed today's gross domestic product (GDP) numbers, noting that the country's economy surpassed the pre-pandemic levels.

"Our recovery is the result of smart policy choices and a government that can execute them," the official said. "Beneath these GDP numbers are an effective vaccine rollout & the ambitious relief funding in the American Rescue Plan," she added.

Despite growing 6.5% in the second quarter, the GDP estimates came in lower than expected by analysts.

Breaking the News / MD