Money Economy grew 4% in the fourth quarter as COVID-19 raged, consumers curtailed spending, contracted 3.5% in 2020 January 28, 2021 Paul Davidson, USA TODAY Comments Off on Economy grew 4% in the fourth quarter as COVID-19 raged, consumers curtailed spending, contracted 3.5% in 2020 The nation's gross domestic product grew 4% in the fourth quarter as consumer spending gains slowed