{"id":1647,"date":"2021-02-15T09:38:23","date_gmt":"2021-02-15T14:38:23","guid":{"rendered":"https:\/\/www.lee-associates.com\/raleigh\/?p=1647"},"modified":"2021-02-15T09:38:23","modified_gmt":"2021-02-15T14:38:23","slug":"q4-2020-economic-reports","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/","title":{"rendered":"Q4 2020 Economic Reports"},"content":{"rendered":"
\"\"<\/a><\/div>
\t\t\t

GDP GROWTH: TRENDING IN Q4 2020<\/strong><\/p>\n

The U.S. economy improved in the fourth quarter with the nation\u2019s gross domestic product rising at a 4% annualized rate. The Q4 report from the Commerce Department follows a record quarterly gain in the third quarter. But despite the strong second half, the U.S. economy contracted 3.5% in 2020. It was the first annual drop since the financial crisis and the most since 1946.<\/p>\n

There is wide agreement that the economy will improve in 2021 as long as vaccinations proceed as planned. \u201cWe\u2019re a long way from a full recovery,\u201d Federal Reserve Chairman Jerome Powell said on the eve of the Commerce Department\u2019s report in late January. \u201cThere\u2019s nothing more important to the economy now than people getting vaccinated.\u201d<\/p>\n

\nIncreased exports, nonresidential fixed investment, residential investment and inventories and consumer spending contributed to the fourth-quarter gain, while across-the-board declines in government spending at the federal, state and local levels weighed on growth, the Commerce Department said. Among businesses hit hardest in Q4 were restaurants as a wave of increased coronavirus infections and deaths made customers nervous about going out. The leisure and hospitality sector shed nearly 500,000 positions in December. The restaurant industry\u2019s major trade group says 17%, about 110,000 establishments, are closed long-term or permanently.<\/p>\n

>READ MORE<\/a><\/p>\n

 <\/p>\n

 <\/p>\n<\/div>\n\t\t<\/div><\/div><\/div>

<\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

GDP GROWTH: TRENDING IN Q4 2020 The U.S. economy improved in the fourth quarter with the nation\u2019s gross domestic product rising at a 4% annualized rate. The Q4 report from the Commerce Department follows a record quarterly gain in the third quarter. But despite the strong second half, the U.S. economy contracted 3.5% in 2020. It was the first annual drop since the financial crisis and the most since 1946. There is wide agreement that…<\/p>\n","protected":false},"author":85,"featured_media":1648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"\nQ4 2020 Economic Reports - Lee & Associates | Raleigh Durham<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q4 2020 Economic Reports\" \/>\n<meta property=\"og:description\" content=\"GDP GROWTH: TRENDING IN Q4 2020 The U.S. economy improved in the fourth quarter with the nation\u2019s gross domestic product rising at a 4% annualized rate. The Q4 report from the Commerce Department follows a record quarterly gain in the third quarter. But despite the strong second half, the U.S. economy contracted 3.5% in 2020. It was the first annual drop since the financial crisis and the most since 1946. There is wide agreement that...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee & Associates | Raleigh Durham\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-15T14:38:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/02\/Q42020-EconReport-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"marketing\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marketing\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/\"},\"author\":{\"name\":\"marketing\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/#\\\/schema\\\/person\\\/74249ecd9cf3eb9fbcf5ee8eaeea3359\"},\"headline\":\"Q4 2020 Economic Reports\",\"datePublished\":\"2021-02-15T14:38:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/wp-content\\\/uploads\\\/sites\\\/64\\\/2021\\\/02\\\/Q42020-EconReport-scaled.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/\",\"name\":\"Q4 2020 Economic Reports - Lee & Associates | Raleigh Durham\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/wp-content\\\/uploads\\\/sites\\\/64\\\/2021\\\/02\\\/Q42020-EconReport-scaled.jpg\",\"datePublished\":\"2021-02-15T14:38:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/#\\\/schema\\\/person\\\/74249ecd9cf3eb9fbcf5ee8eaeea3359\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/wp-content\\\/uploads\\\/sites\\\/64\\\/2021\\\/02\\\/Q42020-EconReport-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/wp-content\\\/uploads\\\/sites\\\/64\\\/2021\\\/02\\\/Q42020-EconReport-scaled.jpg\",\"width\":2560,\"height\":1440},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/02\\\/15\\\/q4-2020-economic-reports\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Q4 2020 Economic Reports\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/#website\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/\",\"name\":\"Lee & Associates | Raleigh-Durham-Wilmington\",\"description\":\"Lee & Associates | Raleigh-Durham-Wilmington\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/#\\\/schema\\\/person\\\/74249ecd9cf3eb9fbcf5ee8eaeea3359\",\"name\":\"marketing\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3b7629ed668aba06e3fdb9a8c19bd7fdbf02034a76ecc8a1e8a2b8e36fa18af4?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3b7629ed668aba06e3fdb9a8c19bd7fdbf02034a76ecc8a1e8a2b8e36fa18af4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3b7629ed668aba06e3fdb9a8c19bd7fdbf02034a76ecc8a1e8a2b8e36fa18af4?s=96&d=mm&r=g\",\"caption\":\"marketing\"},\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/author\\\/marketing\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Q4 2020 Economic Reports - Lee & Associates | Raleigh Durham","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/","og_locale":"en_US","og_type":"article","og_title":"Q4 2020 Economic Reports","og_description":"GDP GROWTH: TRENDING IN Q4 2020 The U.S. economy improved in the fourth quarter with the nation\u2019s gross domestic product rising at a 4% annualized rate. The Q4 report from the Commerce Department follows a record quarterly gain in the third quarter. But despite the strong second half, the U.S. economy contracted 3.5% in 2020. It was the first annual drop since the financial crisis and the most since 1946. There is wide agreement that...","og_url":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/","og_site_name":"Lee & Associates | Raleigh Durham","article_published_time":"2021-02-15T14:38:23+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/02\/Q42020-EconReport-scaled.jpg","type":"image\/jpeg"}],"author":"marketing","twitter_card":"summary_large_image","twitter_misc":{"Written by":"marketing","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#article","isPartOf":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/"},"author":{"name":"marketing","@id":"https:\/\/www.lee-associates.com\/raleigh\/#\/schema\/person\/74249ecd9cf3eb9fbcf5ee8eaeea3359"},"headline":"Q4 2020 Economic Reports","datePublished":"2021-02-15T14:38:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/"},"wordCount":227,"commentCount":0,"image":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/02\/Q42020-EconReport-scaled.jpg","articleSection":["Blog"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/","url":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/","name":"Q4 2020 Economic Reports - Lee & Associates | Raleigh Durham","isPartOf":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#primaryimage"},"image":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/02\/Q42020-EconReport-scaled.jpg","datePublished":"2021-02-15T14:38:23+00:00","author":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/#\/schema\/person\/74249ecd9cf3eb9fbcf5ee8eaeea3359"},"breadcrumb":{"@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#primaryimage","url":"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/02\/Q42020-EconReport-scaled.jpg","contentUrl":"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/02\/Q42020-EconReport-scaled.jpg","width":2560,"height":1440},{"@type":"BreadcrumbList","@id":"https:\/\/www.lee-associates.com\/raleigh\/2021\/02\/15\/q4-2020-economic-reports\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lee-associates.com\/raleigh\/"},{"@type":"ListItem","position":2,"name":"Q4 2020 Economic Reports"}]},{"@type":"WebSite","@id":"https:\/\/www.lee-associates.com\/raleigh\/#website","url":"https:\/\/www.lee-associates.com\/raleigh\/","name":"Lee & Associates | Raleigh-Durham-Wilmington","description":"Lee & Associates | Raleigh-Durham-Wilmington","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lee-associates.com\/raleigh\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.lee-associates.com\/raleigh\/#\/schema\/person\/74249ecd9cf3eb9fbcf5ee8eaeea3359","name":"marketing","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3b7629ed668aba06e3fdb9a8c19bd7fdbf02034a76ecc8a1e8a2b8e36fa18af4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3b7629ed668aba06e3fdb9a8c19bd7fdbf02034a76ecc8a1e8a2b8e36fa18af4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3b7629ed668aba06e3fdb9a8c19bd7fdbf02034a76ecc8a1e8a2b8e36fa18af4?s=96&d=mm&r=g","caption":"marketing"},"url":"https:\/\/www.lee-associates.com\/raleigh\/author\/marketing\/"}]}},"_links":{"self":[{"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/posts\/1647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/comments?post=1647"}],"version-history":[{"count":3,"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/posts\/1647\/revisions"}],"predecessor-version":[{"id":1651,"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/posts\/1647\/revisions\/1651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/media\/1648"}],"wp:attachment":[{"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/media?parent=1647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/categories?post=1647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lee-associates.com\/raleigh\/wp-json\/wp\/v2\/tags?post=1647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}