U.S. GDP contracted 3.5% in 2020, worst year since WWII

2021-01-28T13:58:37.746Z

The economy of the United States had not experienced such a contraction since 1946. The US economy had its worst year since 1946 in 2020, with the Covid-19 crisis causing GDP to contract 3.5% from 2019, according to a preliminary estimate from the Commerce Department released Thursday. Read also: Covid-19: global debt close to 100% of GDP, warns the IMF In the fourth quarter alone, growth is 4% at an annualized rate, a measure used by the United States which compares to the pre