Overall, GDP shrank 3.5% in 2020, the steepest drop since 1946.
Fourth-quarter growth was down from an 33.4% annualized increase in the third quarter, which followed a record drop of 31.4% in the second quarter.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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U.S. Economic Growth Slows to End Worst Year Since 1946
The U.S. economy wrapped up its worst year since the end of World War II with a 4% seasonalized and annualized growth rate in the fourth quarter, matching analyst forecasts. So reports CNN.
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