The New Paper

January 28, 2021

US GDP increases for second straight quarter, remains down in 2020

US GDP increased by an annualized rate of 4% in Q4, coming in slightly below economist expectations. While the increase marks the second consecutive quarter of GDP growth (following a record 33% increase in Q3), full-year GDP fell by 3.5% in 2020 amid continued economic fallout from the coronavirus outbreak.

More context: GDP measures the value of the goods and services produced in the United States. See the latest report from the BEA here.
This story is from the January 28, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.