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Government revises 4th quarter GDP up slightly to 4.3%

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WASHINGTON – The U.S. economy grew at an annual rate of 4.3% in the final three months of 2020, slightly faster than previously estimated, as recovery expectations for 2021 rise along with vaccinations as the U.S.

unleashes nearly $2 trillion in government support. GDP in the October-December quarter rose from an estimate last month of an 4.1% rate.

The upward revision reflected stronger inventory restocking by businesses. For the whole year, the GDP shrank by 3.5%, the largest annual decline since a plunge of 11.6% in 1946 when the U.S.

demobilized after World War II. The 3.5% drop was unchanged from the previous report. Economists are looking for a huge rebound this year, helped by government support packages including a $1.9 trillion

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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