U.S. economy shrank 3.5% in 2020 after growing 4% last quarter

U.S. GDP contracted 3.5% in 2020 due to the impacts of the COVID-19 pandemic. / AP FILE PHOTO/JAE C. HONG
WASHINGTON (AP) – Stuck in the grip of a viral pandemic, the United States economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. For 2020 as a whole, a year when the coronavirus inflicted the worst economic freeze since…

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