After growing at an annualized rate of 30% after the pandemic’s trough, the November and December economy contracted at an annual rate of 7%, red-flagging a possible recession — or worse. The ongoing stricter lockdowns occurring in predominantly blue states and the election steal are likely to blame.
Information coming out now shows that maybe the Democrats have again gone too far. Their efforts to hurt the economy in 2020 during the pandemic are finally coming to fruition. Is this a preview of what Americans might face over the next four years?
The annualized growth rate in the third quarter was a record setting all-time high increase of over 30%. This record may never be matched which is why the Democrats went all-in to stall the economy as much as possible. Now as the year has ended it appears their efforts worked.
Monthly GDP declined 0.8% in November following a 0.6% increase in