3 Months Of Hell: U.S. Economy Drops 32.9% In Worst GDP Report Ever Enlarge this image toggle caption Jae C. Hong/AP Jae C. Hong/AP Updated at 9:32 a.m. "As soon as the virus started to take off again in key states like Texas, California, Arizona, Florida, it's fading very rapidly," Behravesh said. Enlarge this image toggle caption Cameron Mitchell Restaurants …
Annualised quarterly plunge was driven by coronavirus lockdowns that ground US economic activity to a halt. The US economy plunged a staggering 32.9 percent from April through June on an annualised basis, the Bureau of Economic Analysis reported – by far the worst contraction on record. Before coronavirus lockdowns swept the nation in March, the worst reading on US gross …
