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Robust U.S. Growth Is Expected for Late 2021, but Omicron Looms Now
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The U.S. economy appears to have grown robustly in the final quarter of 2021 but recently lost momentum, economists say, with business activity undermined by pandemic-induced shortages of supplies and workers.
The Commerce Department will offer a broad snapshot of the world’s largest economy at 8:30 a.m. ET Thursday. Economists estimated the agency will report that gross domestic product, the broadest measure of goods and services, expanded at a 5.5% annual rate in the fourth quarter, according to a Wall Street Journal survey.
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