Sunburnt said the economy was doing great under Trump. Sunburnt thought GDP would be up this year because of a strong third quarter. Sunburnt is really bad at simple math.
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Last year's American economy shrank the most since 1946
Updated 9:26 AM EST January 28, 2021
New York
The US economy grew at an annualized and seasonally adjusted rate of 4% in the fourth quarter of 2020, just as economists had predicted, the Commerce Department reported Thursday. But that didn't make up for a bad first quarter and an historically awful second quarter.
For 2020 as a whole, GDP decreased by 3.5% from the prior year. That was the worst decline since 1946.
————
Last year's American economy shrank the most since 1946
Updated 9:26 AM EST January 28, 2021
New York
The US economy grew at an annualized and seasonally adjusted rate of 4% in the fourth quarter of 2020, just as economists had predicted, the Commerce Department reported Thursday. But that didn't make up for a bad first quarter and an historically awful second quarter.
For 2020 as a whole, GDP decreased by 3.5% from the prior year. That was the worst decline since 1946.