Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds

Fox Business | May 1, 2021 at 11:24 PM
  • Warren Buffett said on Saturday that the U.S. economy is faring far better than he might have predicted early in the coronavirus pandemic, benefiting his conglomerate Berkshire Hathaway Inc (BRKa.N).
  • Many of Berkshire’s dozens of operating units have been rebounding as anxiety over COVID-19 lessens, more people get vaccinated, stimulus checks are spent, business restrictions are eased and confidence about the economy grows.
  • Gross domestic product, a broad measure of the U.S. economy, grew at an annualized 6.4% rate from January to March.

 

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