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Last year, the US economy grew the most in 37 years. The White House praised China's economic growth.
Correspondent Kim Jong-won reports from New York.
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According to the US Department of Commerce, the GDP growth rate, or economic growth rate, was 5.7%, the highest growth rate in 37 years following 7.2% in 1954.
In the fourth quarter alone, the increase was 6.9%, significantly exceeding the market consensus of 5.5%.
Omicron mutation has rapidly spread since the end of last year, but it is analyzed that the unexpected growth occurred as consumption recovered.
The U.S. media reported that in addition to stimulating the economy by releasing astronomical money, the U.S. central bank eased monetary policy, including zero interest rates, to drive economic growth.
Active vaccine dissemination is also assessed to be helpful.
The US economic growth rate in 2020, right after the corona crisis, recorded minus 3.4% due to various lockdown policies, but it recorded positive growth for six consecutive quarters since then.
President Biden, who had to face a decline in approval ratings due to the spread of Omicron and the Ukraine crisis, was encouraged for a long time.
The White House particularly emphasized the fact that it has dampened China's economic growth, praising it as evidence of the robustness of President Biden's economic strategy.
[Zen Saki/White House Spokesperson: This is the fastest economic growth rate in nearly 40 years.
And for the first time in 20 years, it has grown faster than China.
This is the result of the president's economic policy.]
Yesterday (27th), the New York stock market, which fell all at once after the Fed's announcement of a rate hike in March, started trading higher today on the announcement of the US economic growth rate. all went down.