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US Economy Decelerated In 2020’s Final Quarter As Spending Stumbled
The US economy expanded at a 4% annual rate in the fourth quarter, the government said Thursday. That was slightly below estimates.
The market was looking for 4.2%. The range was 1.5% to 6.8% from 70 economists
The data confirmed what everyone already knew -- momentum is waning and Joe Biden's administration faces an uphill battle to ensure vaccine rollout proceeds quickly and efficiently enough to inoculate the economy form a double-dip downturn.
Around 10 million Americans who had a job thi
