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Fortune
Fortune
Alicia Adamczyk

Remote work is the reason why Wall Street was wrong about a recession

Businesswoman at home working on her computer (Credit: Morsa Images/Getty Images)

Your boss may hate remote work, but it's one of the reasons the U.S. economy is chugging along as strongly as it is.

From Beyoncé and Taylor Swift concerts to wedding travel, remote work has made it easier for some workers to take long weekends throughout the summer without worrying about rushing home to make it to the 9 a.m. all-hands meeting on Monday. That's boosting the country's GDP, which rose by 2.4% in the second quarter, according to the U.S. Department of Commerce, primarily driven by consumer spending on services like vacations, concert tickets, and restaurants. (Business investment and state and local government spending also helped.)

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