Refinitiv economists expected the report to show the economy had expanded by 4%

The U.S. economic recovery from the coronavirus shutdown slowed markedly in the final three months of the year, as the nation failed to recoup all of its losses from the COVID-induced recession.

Join BJL on WhatsApp Status: Click here to Join BJL status for engagements, births, deals, levayos, events & more

Join BJL on WhatsApp Groups: Click here to Join an official BJL WhatsApp group for breaking news as it happens

Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 4% on an annualized basis in the three-month period from October through December, the Commerce Department said in its first reading of the data Thursday.

Refinitiv economists expected the report to show the economy had expanded by 4%.

The economy grew at an annual revised rate of 33.4% in the previous quarter, a record-shattering pace as businesses reopened from the unprecedented lockdown. Read more at FOX Business