Home / Industry / Banking & Finance / Mix of optimism, apprehension describe economic picture of fourth-quarter data (access required)

Mix of optimism, apprehension describe economic picture of fourth-quarter data (access required)

After a strong third quarter performance, up more than 33%, fourth-quarter GDP is estimated to come in around 2.8%, according to The Conference Board. Annualized, this would translate into a contraction of 3.6% for 2020. The biggest driver of economic expansion in the third quarter was consumer spending, up 41% in quarter four. Despite a small ...
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