Economy

US GDP Q4 2019 final reading

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A CNC operator at Bednark produces medical face shields, as the demand for their production rapidly increased due to concerns over the spread of coronavirus disease (COVID-19) at the Brooklyn Navy Yard in the Brooklyn borough of New York City, March 24, 2020.

Caitlin Ochs | Reuters

The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact of the coronavirus.

The Commerce Department said Thursday in its third and final look at the fourth quarter that growth was unchanged from its previous estimate but that the components were slightly…



Source cnbc.com

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