US economy declined -3.4% in 2020
US economy grew +5.7% in 2021
Net growth in the past two years = only 2%, with massive deficit spending, matched by a similar expansion of Federal Reserve Bank assets (aka printing money), causing the highest rate of consumer price inflation in 40 years. 2% is a pathetic result.
US economy grew at a +6.9% annual rate in 4Q 2021
4.9 percentage points was from inventory growth
Real Final Sales grew at a 2% annual rate
(6.9% minus 4.9%)
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