Down But Not Out: Pandemic Likely Dealt Blow To Economy But There's Room For Hope
The U.S. economy is likely to have slowed in the last three months of the year, ending 2020 smaller than it began. But for some companies, business is now back to pre-pandemic levels.
The resurgence in the pandemic likely dealt a major blow to the U.S. economy in the last three months of the year, though it is not expected to have delivered a knockout punch.
Most economists expect fourth-quarter gross domestic product (GDP) data on Thursday will show a significant slowdown from July-September, when the economy staged a sharp recovery from the early pandemic days.
