Baku 24° C
US economy shrinks 3.5%
Finance
- 29 January, 2021
- 08:28
The cost of gross domestic product (GDP) in the United States decreased by 3.5% amid the coronavirus pandemic in 2020, compared to 2019, Report mentions, citing the US Department of Commerce.
According to the document, the last time the country's economy showed such a rate of decline was 75 years ago.
In 2020, the US economy shrank by 5% in the first quarter, 31.4% in the second quarter, and gained 33.4% and 4% in the third and fourth quarters, respectively.
Author
Latest News
20:51
Photo
Mikayil Jabbarov holds cooperation talks with senior official of US State Department
Economy20:38
Cuba's electrical grid collapses in nationwide blackout
Other countries20:15
Warsaw says Russian drone intrusion 'not an accidental event'
Other countries20:02
MALBI-trans aims increasing volume of European cargo on Middle Corridor - EXCLUSIVE
Business19:52
IDF confirms series of Yemen strikes, say they targeted Houthi military camps
Other countries19:26
Pashinyan: Armenia ready to synchronize TRIPP with Azerbaijan's infrastructure
Region19:16
Death toll in Nepal's Gen-Z protests reaches 30, over 1,000 injured
Other countries19:12
Trump to speak with Polish president after Russian drone incursion: W.House
Other countries18:48
Photo