The US economy grew by 4.1 percent in the fourth quarter of 2020.
The US Department of Commerce announced the second estimate for the Gross Domestic Product (GDP) data for the period October-December 2020. Accordingly, the US GDP increased by 4.1 percent annually in the fourth quarter of last year.
Despite Threatening Factors to the US Economy, Economic Growth Has Been Surprised to the Economists. If the economy is on the rise despite the coronavirus, elections, political problems with foreign countries, and conflicts within the country, there may be two reasons for this.
1. We Are Growing Fake to Show the Economy Strong
2. America Bigger Than Truth.
As a result, America started the Year 2021 with a stronger economy.
While the GDP data was revised upwards in the said period, the market expectation was that the economy was to grow by 4.2 percent in the fourth quarter.
In the preliminary data on the country’s GDP published in January, it was noted that the economy grew by 4 percent in the fourth quarter of last year.
The country’s economy contracted 3.5 percent in 2020, the worst performance since 1946. The US economy grew by 2.2 percent in 2019.