Baku 22° C
US sees record 3.5% GDP decline
Other countries
- 26 February, 2021
- 05:55
US GDP fell by a record 3.5 percent last year, while the US economy grew 4.1 percent on an annualized basis in the last quarter of 2020, according to the Department of Commerce, Report informs, referring to TASS.
The department published preliminary data for this period at the end of January.
Then the fall in GDP in 2020 was also estimated at 3.5 percent, which was the worst indicator since the Second World War.
Author
Latest News
11:10
SOCAR accounts for over 72% of state company dividend revenues in Azerbaijan
Finance11:06
Azerbaijan parliament starts to review 2025 state budget execution
Finance11:04
Azerbaijan preparing new legislative package for digital transformation
ICT11:02
Central Bank of Azerbaijan: New anti-fraud rules to be introduced by year-end
Finance11:01
Azerbaijan's 2027–2030 development program expected to be approved by end of 2026
Finance10:55
Central Bank of Azerbaijan working on new digital finance strategy until 2031
Finance10:46
Vusal Gasimli: Banking assets of OTS countries approach $1.2 trillion
Finance10:45
Baku urges Azerbaijani citizens to avoid travel to conflict zones
Foreign policy10:41
Photo