The U.S. economic rebound faltered at the end of 2020 as surging coronavirus cases kept people home and a delay in federal assistance hampered many households and businesses. But new injections of government aid into the economy and of vaccines into people’s arms should power a much stronger recovery in 2021. The report capped what was, at least by one measure, the worst decline on record for a calendar year. And it underscored the challenge facing President Biden as he tries to revive the economy while quelling the pandemic. Democrats seized on the data as evidence that Congress should move quickly to approve more economic aid.

Source: New York Times January 28, 2021 15:23 UTC