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Overall, the economy has made sweeping strides since it was gutted by the coronavirus pandemic in the spring of 2020. For the full year of 2021, the U.S. economy grew 5.7 percent, the fastest yearly clip since 1984, and a marked rebound from 2020, when the economy contracted by 3.4 percent — its worst result since 1946. Biden is bringing us back! Yah!