Scott Horsley

3 Months of Hell : U.S. Economy Drops 32.9% In Worst GDP Report Ever

Pub Date: 
Thu, 07/30/2020
Author: 
Scott Horsley
Source: 
NPR
Link: 
https://www.npr.org/sections/coronavirus-live-updates/2020/07/30/896714437/3-mon...

GDP shrank at an annual rate of 32.9% in the second quarter — the sharpest economic contraction in modern American history....
The economic shock in April, May and June was more than 3 times as sharp as the previous record — 10% in 1958.

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