The economy grew at an annual rate of 6.5 percent in the quarter ending in June, below expectations, as coronavirus vaccinations and unleashed consumer spending added momentum to the recovery. wapo.st/3BTwEup

1:18 PM · Jul 29, 2021

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For the first time, economic output eclipsed its pre-pandemic high, after adjusting for inflation. But that doesn’t mean the economy is back to the level it would have been at, had the pandemic not happened, because there is roughly a year of continued economic growth missing.
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Now that GDP has regained the ground lost in the recession that began in March 2020 and ended the following month, the economy will shift from recovery mode to expansion mode. But economists say it may take years to regain its full potential. washingtonpost.com/business/…
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