The U.S. economy grew by slightly more than originally estimated in the fourth quarter of 2021, according to a report released by the Commerce Department on Thursday.
The report showed the increase in real gross domestic product in the fourth quarter was upwardly revised to 7.0 percent from the previously reported 6.9 percent. The upward revision matched economist estimates.
The jump in GDP in the fourth quarter reflected a significant acceleration from the 2.3 percent increase in the third quarter.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.