US economy grows at fastest pace in decades

The US economy expanded at its fastest rate in decades last year as it roared back from pandemic lockdowns.

Official figures from the Commerce Department showed the economy grew by 5.7% – its best performance since 1984.

But analysts are expecting growth to slow this year, as the government scales back stimulus spending and the Federal Reserve raises interest rates.

Other risks include high inflation and threats from new Covid variants, such as Omicron.

–BBC