US economy contracted at 33% rate last quarter which is record-breaking
WASHINGTON: Throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said on Thursday that the U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter – by far the worst quarterly plunge ever – when the viral outbreak shut down businesses. The sharpest drop was marked […]
US economy contracted at 33% rate last quarter which is record-breaking Read More »