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U.S. economy did better than expected last summer

(KYMA, KECY/ CNN) - The Bureau of Economic Analysis says gross domestic product rose slightly faster from July to September than what was previously reported.

So in turn, things were a little brighter for the U.S. economy last summer than first thought.

Despite the minor improvement, it was still down from the nearly 7% yearly expansion that occurred in the second quarter.

Two major issues caused problems for the U.S. economy this summer, including the Delta variant of Covid-19 and the supply chain crisis.

Article Topic Follows: News

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Cole Johnson

Cole Johnson is News 11’s Sports Director.

Contact Cole at cole.johnson@kecytv.com.

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