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US Economy Grew At 2.1% Rate In Fourth Quarter

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FILE - In this June 19, 2019, file photo cargo ships are docked at the Port of Los Angeles in Los Angeles. The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for awhile as the country endures a sharp contraction due to the impact of the coronavirus. (AP Photo/Marcio Jose Sanchez, File)

(AP) — The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for awhile as the country endures a sharp contraction due to the impact of the coronavirus. The Commerce Department said Thursday in its third and final look at the fourth quarter that growth was unchanged from its previous estimate but the components were slightly altered.

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