Coronavirus hammers US economy – 2020 was worst year since 1946

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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