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As the coronavirus from China stifles short-term economic output, an otherwise unsurprising fourth-quarter GDP report gives perspective on long-term US economic health. Two takeaways on the data: demand for American-made goods could pick up by summer and even the slower pace of US economic growth in 2019 was enough to shrink unemployment.
By JPMorgan Chase Commercial BankingAs the coronavirus from China stifles short-term economic output, an otherwise unsurprising fourth-quarter GDP report gives perspective on long-term US economic health. Two takeaways on the data: demand for American-made goods could pick up by summer and even the slower pace of US economic growth in 2019 was enough to shrink unemployment.