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Delta Variant Slowing US Economic Expansion

Delta Variant Slowing US Economic Expansion

The Conference Board forecasts that US Real GDP growth will slow to 5.5% (annualized rate) in Q3 2021, vs. 6.6% growth in Q2 2021, and that 2021 annual growth will come in at 5.9% (year-over-year). This forecast incorporates the larger-than-expected impact that the COVID-19 Delta variant has had on the US economy.