Last year, US GDP posted its worst performance in over 70 years, shrinking 3.5%.
At the end of 2020, the US economy contracted by 3.5%, which is the worst indicator since the Second World War. This is stated on the website of the US Department of Commerce on Thursday, February 25.
Before that, the worst indicator was a 2.5% drop in GDP in 2008.
At the same time, there is an increase at the end of the year to 4.1%. вЂњGDP growth in the fourth quarter reflects both the continued economic recovery from a sharp downturn earlier that year, and the ongoing fallout from the pandemic,вЂќ the report said.