As national restrictions to fight the COVID-19 pandemic crisis were progressively lifted during 2021, the United States experienced positive economic growth throughout the year. In 2021-Q4, GDP grew by 1.70 percent relative to 2021-Q3 and by 5.56 percent relative to 2020-Q4. The national unemployment rate fell to 4.23 percent, 2.54 percentage points lower than in the same period of the previous year. The country experienced a strong inflation rate, with prices increasing by 1.52 percent relative to the previous quarter and by 6.69 percent relative to the same period of the previous year. According to the OECD economic outlook, GDP is expected to continuously grow and to stabilize at an annual growth rate of about 5.0 percent towards the end of 2022, unemployment will steadily decline, reaching 3.5 percent, and inflation is expected to decrease until 2.5 percent in 2023.

April 2022