News

Second-Quarter GDP Plunged By Worst-Ever 32.9% Amid Virus-Induced Shutdown

July 31, 2020

Article by:  Jeff Cox

  • The U.S. economy suffered its worst period ever in the second quarter, with GDP falling a historic 32.9%.
  • Economists surveyed by Dow Jones were looking for a decline of 34.7%.
  • Neither the Great Depression nor the Great Recession nor any other slump over the past two centuries have ever caused such a sharp drain on the economy.

Read the full article:  https://cnb.cx/2EE3XIP