President Joe Biden and the White House cheered the latest growth domestic product report on Thursday as the United States continues to grapple with skyrocketing prices.

The Bureau of Economic Analysis announced Thursday morning that the economy grew at an annualized rate of 5.7% in 2021, the fastest growth since 1984. GDP growth for quarter four of 2021 beat projections and clocked in at 6.9% annually, significantly higher than the 2.3% growth in quarter three.

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