US GDP EXPANDED AT 4% ANNUALIZED RATE IN THE FOURTH QUARTER

Highlights

• According to a preliminary estimate released by the Commerce Department on Thursday, the American gross domestic product expanded at a 4 percent annualized rate in the fourth quarter

• The output of goods and services slumping in the last quarter as compared to the record 33.4 percent in the previous quarter

• As per the CDC, the United States could witness up to 514,000 coronavirus-rel....