U.S. First Quarter GDP Unrevised At 6.4% From Previous Estimate

The U.S. economy grew by 6.4% in the first quarter of this year, unrevised from its previous estimate.

According to the Commerce Department, the country’s total output of goods and services was unchanged from two previous estimates.

The latest growth is also an acceleration from the 4.3% pace set in Q4 of 2020.

Economists say the economic growth was due to widespread vaccination, and the re-opening of businesses.

They added that surging activity from consumers, fueled in part by nearly 3 trillion US dollars in financial support that the government approved since December, has also led to the growth.