U.S. Economy Shrinks by Record 32.9% in Q2

U.S. Economy Shrinks by Record 32.9% in Q2

The U.S. economy contracted at a record rate in the second quarter, underscoring the drastic impact of the coronavirus pandemic and suggesting a long road to recovery. The Commerce Department reported Thursday that gross domestic product from April to June plunged 32.9% on an annualized basis, reflecting, in part, sharp decreases in consumer spending on […]