US GDP Shrank 4.8% in the First Quarter Amid Biggest Contraction Since the Financial Crisis
abril 29, 2020
Article by: Jeff Cox
- GDP in the first quarter contracted 4.8%, compared to estimates of a 3.5% drop, the Bureau of Economic Analysis reported Wednesday.
- This was the first negative reading since the first quarter of 2014, though not as bad as the worst of the financial crisis.
- Economists expect the Q1 reading to decline even more when the final revisions are issued.
Read the full article: https://cnb.cx/3aO2SIE