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In 2020, the US economy experienced its worst setback in seventy-five years

2021-01-28T17:31:38.128Z


GDP fell 3.5%. The rebound in the last quarter was limited.


The new waves and the latest variants of Covid-19 weigh heavily on the US economy.

In the fourth quarter, US GDP growth (calculated using the classic method used by all major economies) is limited to 1%.

As a result, over the past year, the world's leading power has recorded a decline in its activity of 3.5%, its worst result since 1946.

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The weak performance of the last quarter is particularly disappointing after the dynamism of the previous three months.

According to the American calculation method, which compares growth to that of the previous quarter and then projects the development over the entire year at this rate, its GDP grew by only 4% in the fourth quarter at an annualized rate, which is much less than the 33.4% increase posted in the third quarter.

In the last months of the year, the resurgence of the virus and the obstacles to the implementation of a new aid plan by the Trump administration weighed on spending

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Source: lefigaro

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