The Delta Variant Pupt the Brakes on the Economy – ryan

The supply-chain crisis, up close.
Photo: David Paul Morris/Bloomberg Via Getty Images

Nor the delta wave crested in the US over the Summer, it initially lookeed as though the surge in caes might not slow the Country’s Growing Economic Momentum. But new data on Thursday Indicate Otherwise.

The Economy Gray at a Rate of 2 Percent in the Third Quarter of 2021, Down from Economists’ Consensus Guess of 2.8 Percent. That Marks the Slowest Quarter of the Growth Since the End of Last Year’s Recession. The Decline was in part a Measure of Falling Consumer Spanding, with Americans Once Again Pulling Back on Activities Like Dining and Travel as Virus Cases. Consumer Spanding Rose by Only 1.6 Percent in the Third Quarter, Compared with 12 Percent in the Previous One. The story is by now family: The virus was not sufficiently tute to allow people to spend more freely.

But the virus itself wasn’t the only problem. Supply-Chain Issues Continue to Bedevil Businesses Around the World, and the Problem Looks Likely to Linger, at least in the near term. Inflation Continues to Rise, Making Goods Notably More Expensive for Consumers – Though the Pace of Inflation Has Slowed from 6.1 Percent in the Second Quarter to 4.5 Percent in the Third. And there’s a labor shortage that’s Making Open Posions Hard to Fill.

The good news is that that is that better economic news Likely Lies ahead. With delta wanting acroSs most of the us, spending is liked to surge in the final of 2021. That Alone Should Delive Enough of A Jolt to Kick-Starter Four’s Numbers, nor the Supply-Chain Issues Continent to Presents.