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United States economic outlook: Third quarter of 2021

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United States economic outlook: Third quarter of 2021

Physical Description: 35 p. Editorial: ECLAC Date: December 2021 ECLAC symbol: LC/WAS/TS.2021/10

Description

Economic growth in the United States slowed to 2.1% year-on-year in the third quarter
of 2021, from 6.7% year-on-year in the second quarter of 2021. Consumer spending
in the third quarter rose at its slowest pace since the recovery began, as durable
goods spending fell sharply amid supply shortages and rising inflationary pressures.
The labour market remained strong, averaging 651,000 new jobs per month. With
the Federal Reserve shifting its stance towards reducing accommodative measures
at a faster pace, Latin America and the Caribbean may experience tighter external
financial conditions next year.
The United States economic outlook: third quarter of 2021 presents and analyses
macroeconomic developments in the United States economy and examines how
they could affect financial conditions in Latin America and the Caribbean. The report
includes the gender perspective of the impact of the pandemic on the labour market.