Saturday, 1 August 2020

U.S. GDP likely sank a record 35% in the 2nd quarter after coronavirus ravaged the economy

U.S. GDP likely sank a record 35% in the 2nd quarter after coronavirus ravaged the economy

The U.S. suffered the biggest economic decline in the second quarter since the government began keeping track after World War Two. How much? Try 30% — or more. Economists polled by MarketWatch estimate gross domestic product — the official scorecard for the U.S. economy — contracted by a record 34.6% annual pace from the start of April to the end of June.
Read more: https://www.marketwatch.com/story/us-gdp-likely-sank-a-record-35-in-the-2nd-quarter-after-coronavirus-ravaged-the-economy-2020-07-29?source=Snapzu

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