15 days ago • Posted by Martin Boujol

US GDP went up thanks to consumers spending

US GDP grew 6.1% in the first quarter of 2021, mainly fueled by consumers spending, itself fueled by several rounds of stimulus checks. Personal consumption indeed increased by 10.7% from the previous quarter. The chart hereby shows you a decomposition of the total gross domestic product. 

Source: Statista, US Bureau of Economic Analysis

#Macro
US GDP went up thanks to consumers spending
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