US economic decline not as bad as feared
But the 3.5% fall in 2020 still marked the sharpest contraction since the 1940s, the US Commerce Department said. …
US economic growth “was still down by 2.5% on a year earlier, but that still represents a much faster recovery than we would initially have expected given how grim things looked in mid-2020,” said Paul Ashworth, chief US economist at Capital Economics.
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