The US economy expanded an annualized 4% in Q4 2020, slowing from a record 33.4% expansion in Q3 as the continued rise in COVID-19 cases and restrictions on activity moderated consumer spending. Figures came in line with market forecasts, the advance release showed. Both business and housing investment remained robust and exports grew at a double-digit pace while personal consumption slowed and public expenditure edged down. Considering full 2020, the GDP contracted 3.5%, the worst performance since 1946 but slightly less than forecasts of a 3.6% drop. It follows a 2.2% growth in 2019. The outlook for 2021 seems brighter than it was some months ago as vaccination rollout began although at a slower than expected pace and as the new Biden administration unveiled a $1.9 trillion stimulus plan. However, doubts remain whether Congress will pass the bill and how long it will take for Americans to start receiving checks. source: U.S. Bureau of Economic Analysis