Ilham Aliyev WUF13 Azerbaijan-Armenia peace process Black January
    Ilham Aliyev WUF13 Azerbaijan-Armenia peace process Black January

    US economy shrinks 3.5%

    Finance
    • 29 January, 2021
    • 08:28
    US economy shrinks 3.5%

    The cost of gross domestic product (GDP) in the United States decreased by 3.5% amid the coronavirus pandemic in 2020, compared to 2019, Report mentions, citing the US Department of Commerce.

    According to the document, the last time the country's economy showed such a rate of decline was 75 years ago.

    In 2020, the US economy shrank by 5% in the first quarter, 31.4% in the second quarter, and gained 33.4% and 4% in the third and fourth quarters, respectively.

    COVID-19 GDP COVID-19 Covid-19 economicdecline USA
    ABŞ iqtisadiyyatı ötən il 3,5% kiçilib

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