Comment on U.S. economy shrinks 3.8% in 4th quarter

U.S. economy shrinks 3.8% in 4th quarter

It is less than the 5% economists expected, but the figure is the worst since 1982, when the GDP decreased by 6.4%. The economy took a sharp downturn in the last three months of last year, but the nose dive was not as steep as many economists, investors and government officials had feared.

 

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