The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the COVID-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty.

COVID-19 savages US economy, 2020 performance worst in 74 years

The United States economy expanded at a record 33.4 percent annual pace from July through September.

US Q3 GDP estimate gets a slight upgrade to 33.4% growth

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COVID-19 savages US economy, 2020 performance worst in 74 years

US Q3 GDP estimate gets a slight upgrade to 33.4% growth