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Corona Effect: US Economy Shrank 3.5% in 2020 - The St Kitts Nevis Observer

The U.S. economy shrank 3.5 percent in 2020 as the coronavirus pandemic shuttered businesses, schools and events, marking the first annual contraction since the Great Recession, according to data released by the Commerce Department on Thursday. U.S gross domestic product (GDP) suffered its largest annual decline since 1946 due to the […]