[ad_1]
Reuters
Expressive image
The US economy is expected to decline following last year to 3.6%, and economists point out that this result is its worst performance since 1946, the end of WWII. global.
The sharp contraction will be followed by growth of 2.2% in 2021, and economists polled by Reuters say gross domestic product for the fourth quarter of last year grew 4% on an annual basis.
They added that the coronavirus crisis and the lack of a new stimulus package had negatively impacted consumer spending.
The US Federal Reserve has kept the interest rate close to zero and has pledged to continue pumping money into the economy by buying bonds. “The pace of the recovery in economic activity and employment has slowed in recent months,” the center said.
US President Joe Biden unveiled a $ 1.9 trillion stimulus package after the government provided nearly $ 900 billion in additional stimulus at the end of December.
Source: Agencies
[ad_2]
Source link
