The U.S. economy grew 4.3% at the annual rate in the fourth quarter. Overall, real GDP was boosted by business investment, but consumer spending, particularly for goods, was held back by rising COVID-19 cases and renewed restrictions in many areas. The U.S. economy is expected to rebound in 2021, especially as more Americans get vaccinated and market participants resume some semblance of normalcy in their actions. The current forecast is for 6.8% annual growth in 2021.
Manufacturing Contributed $2.35 Trillion in Value-Added Output to GDP
Maggie Lague2021-04-05T12:00:28+00:00April 5th, 2021|