US economy shrank at record-breaking 33% rate last quarter


The U. S. economy shrank at a record breaking thirty three percent rate last quarter as the virus shuttered businesses and triggered layoffs Ocana miss were expecting an ugly number for Q. two and that's what they got that by far the biggest contraction in the economy over one quarter that we've seen since the Great Depression PNC financial services group chief economist Gus voce who says the third quarter GDP will be much better the good news is is that the number will be better in the third quarter and we will see the economy returned to growth but the level of economic activities can they continue to be much lower than it was at the end of twenty nineteen the bottom line as long as we have very high levels of cases and I think it's going to be very difficult to see a strong economic recovery showing out there Washington

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