• Anticipating 2021 boom, Q4 GDP revised up slightly to 4.1%

    1 month ago - By Stl Today

    WASHINGTON - The economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a year in which the overall economy, ravaged by a global pandemic, shrank more than in any...
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  • Government revises fourth quarter GDP up slightly to 4.1%

    Government revises fourth quarter GDP up slightly to 4.1%

    1 month ago - By Chron

    WASHINGTON - The economy grew at a slightly faster pace in the final three months of 2020 than first thought, ending a year in which the overall economy shrank more than it had in the past seven decades.
    Gross domestic product - the broadest measure of economic health - grew at an annual rate of 4.1% in the fourth quarter, up from an initial estimate of 4% growth, the Commerce Department reported Thursday.
    The revision does alter the nation's annual GDP which shrank 3.5%, the largest decline since 1946 when the U.S. demobilized after World War II.
    However, economists believe 2021 will see...
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