The U.S. economy has shown a surprisingly strong recovery from the pandemic, with revised data indicating faster growth in 2021, 2022, and early 2023. This adjustment reflects a rebound that was not only quicker but also more consistent than earlier estimates suggested.
Most notably, revised estimates indicate that the G.D.P. grew slightly in the second quarter of 2022, countering previous beliefs of a contraction during that period and thus altering the perception of a recession.
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