About: http://data.cimple.eu/news-article/8be680552950bc98a008a7bfa0a178ae44f8a400c6f8a85845229602

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About: http://data.cimple.eu/news-article/8be680552950bc98a008a7bfa0a178ae44f8a400c6f8a85845229602 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The US economy shrunk by 3.5 percent last year as the Covid-19 pandemic shut down large sectors of business and daily life, according to government data released Thursday. It was the biggest contraction of the world's largest economy since 1946, the Commerce Department said. The contraction reflected the drop in spending as well as in "exports, private inventory investment, nonresidential fixed investment, and state and local government that were partly offset by increases in federal government spending and residential fixed investment," the report said. Net exports fell 13 percent last year while personal consumption expenditures dropped 3.9 percent. For the fourth quarter alone, GDP grew by an annual rate of 4.0 percent, according to the first estimate for the final three months of the year. Compared to the July-September period, the measure used in most other countries, fourth quarter growth was just 1.0 percent, the report said. That followed the record 7.5 percent rebound in the third quarter, and the record 9.0 percent drop in the April-June period. hs/bgs
schema:headline	US economy in 2020 has worst year since 1946
schema:mentions	Balance of trade Gross domestic product Pandemic Coronavirus disease 2019 Inventory investment Fixed investment United States Department of Commerce
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-01-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	61 (xsd:integer)

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