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Period: to
economy in 2020
in 2020 the economy was off to a steady start until Covid happened it didnt affect us too much this year because we didnt know what was going to happen and didnt know it would be serious inflation rate was 1.23
consumer spending was 2.7
Gdp was 4.0
unemployment rate was 6.7
interest rate was 3.38 -
economy in 2021
Covid had got even worse causing inflation to rise
Infaltion rate was 4.7
consumer spending was 9.1(very high due to panic buying)
Gdp was 10.1 (all time high)
unemployment rate was 3.9
interest was 3.15 -
economy in 2022
covid was at its worst causing inflation to be crazy high and it was extremely hard to access things
inflation rate was 8
consumer spending was 9
Gdp was 2.1
unemployment rate was 3.5
interest was 5.53 -
economy in 2023
Covid was still extremely bad but we were recovering other than the interest rate was crazy high.
inflation rate was 4.1
consumer spending was 5.9
Gdp was 6.3
unemployment rate was 3.7
interest was 8.25 -
economy in 2024
off to a really good start and we are healing
inflation rate was 3.5
consumer spending was 0.8
Gdp was 1.6 (really low)
unemployment rate was 3.9
interest was 6.7