Covid-19 pummels US economy in 2020; performance weakest in 74 years
Covid-19 pummels US economy in 2020; performance weakest in 74 years The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the COVID-19 pandemic depressed consumer spending and business investment. (Getty Images) The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the Covid-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty. The Commerce Department’s snapshot of fourth-quarter gross domestic product on Thursday also showed the recovery from t...
Source: cityam.com