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LOS ANGELES, March 10, 2021 /PRNewswire/ The first quarterly UCLA Anderson Forecast of 2021 expects robust growth for the U.S. and California as the COVID-19 pandemic abates.
One year ago, the World Health Organization declared the COVID-19 outbreak a pandemic, and subsequent efforts to stop the spread of the virus led to an unprecedented decline of the U.S. economy as non-essential in-person activities came to a halt. For all of 2020, real GDP fell by 3.5%, the worst annual decline in more than 60 years.
It s sobering to realize that although the virus devastated every sector of the 2020 economy, it might have been worse.
UCLA Anderson Forecast Anticipates Near-Record Growth as Economic Recovery Continues
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UCLA Anderson Forecast anticipates near-record growth as economic recovery continues
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