Coronavirus hammers US economy – 2020 was worst year since 1946

Jan 29, 2021 | INVESTING

The United States saw its sharpest contraction in growth since 1946 as the coronavirus pandemic hammered the economy last year, but while the country may be set for a recovery, it hasn’t arrived yet.The world’s largest economy shrunk by 3.5 per cent in 2020, the Commerce Department reported on Thursday, after Covid-19 rearranged daily life and forced many businesses to shut down or change their operations while laying off workers in droves.Those mass lay-offs, which began in March as the…

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