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Iowa GDP grows 6 3% in Q4, but remains lower for the year as pandemic s effects continue

Iowa GDP grows 6.3% in Q4, but remains lower for the year as pandemic’s effects continue BY MICHAEL CRUMB, Senior Staff Writer Monday, March 29, 2021 10:54 AM Iowa’s gross domestic product leveled off in the fourth quarter of 2020 after seeing big gains in the months before as the state continued its recovery from the coronavirus pandemic. According to a report issued Friday by the U.S. Commerce Department’s Bureau of Economic Analysis, Iowa’s gross domestic product grew 6.3% in the fourth quarter, a much smaller rate of increase than the 36.4% seen in the prior quarter. Although a smaller rate of increase, it was still markedly improved from earlier in the year when it declined 28.2% in the second quarter of 2020 as the pandemic tightened its grip on the state’s economy.

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