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dólares - Estados Unidos - economía - El American

U.S. GDP Grew 4.3% in the Last Quarter of 2020

The world’s largest economy grew since the end of the Great Recession in 2009 at a slow but steady pace, averaging around 2.5 % quarterly in 2019.

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The U.S. economy grew 4.3% in the last quarter of 2020. This third and final government estimate of economic activity is two-tenths of a percent higher in the last quarter of 2020 than the previous estimate.

The estimate of the annual decline of 3.5% remains unchanged.

The world’s largest economy grew since the end of the Great Recession in 2009 at a slow but steady pace, averaging around 2.5 % quarterly in 2019.

The impact of the COVID-19 pandemic caused a 5 % decline in gross domestic product (GDP) in the first quarter of 2020, followed by a 31.4 % drop between April and June, which left more than 20 million workers unemployed.

The economic stimulus provided by Congress and then-U.S. President Donald Trump’s $1.2 trillion aid package was reflected in a 33.4 % increase in economic activity in the third quarter.

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