GDP contracted 3.5% in 2020, worst performance since 1946

Published



Despite a pandemic continuing to ravage restaurants, movie theaters, and other entertainment-related industries, the economy closed 2020 on a relatively positive note, only slightly missing economists’ expectations.

U.S. gross domestic product grew at a 4% annualized rate in the fourth quarter, the Bureau of Economic Analysis reported Thursday.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.