US economy grows at fastest pace in nearly two years

Available for over a year

The United States economy grew at its highest rate in almost 2 years, hitting 4.9%, far higher than many analysts were predicting. Meanwhile, the European Central Bank has decided to keep rates steady at 4%, breaking the longest streak of hikes in its 25-year history. Rahul Tandon examines the data and discusses what these data could mean for the global economy. (Picture: An employee works on an assembly line at startup Rivian Automotive's electric vehicle factory in Normal, Illinois, U.S. April 11, 2022. Credit: REUTERS/Kamil Krzaczynski/File Photo)