Published on Thursday, January 28, 2021 | Updated on Friday, January 29, 2021

U.S. | Economy Poised for Stronger Growth after 4Q20 Slowdown

Economic activity continued to expand in the fourth quarter of 2020, albeit at a much slower pace. This reflected both solid ongoing momentum and the negative consequences of lower fiscal support and rising Covid-19 cases.

Key points

  • Key points:
  • PCE increased 2.5% in 4Q20, but contracted in November and December
  • Strong support from private investment partially offset by net exports and government
  • Uncertainty around the economic outlook has increased significantly
  • GDP growth in 2021 could reach its highest rate in almost 40 years

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