NewsBot
31-Jul-20, 11:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
USA GDP Second Quarter Worst For 145 Years
https://caithness-business.co.uk/image_cache/na11439_tn.jpg
The Commerce Department of the United States opened today's announcement of second-quarter economic growth with a frightening statement: "Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020." 32.9 percent represents the loss of a third of the economy. Take out the annualization, and the economy contracted 9.5 percent. [Read Full Article (https://caithness-business.co.uk/article/11439)]
USA GDP Second Quarter Worst For 145 Years
https://caithness-business.co.uk/image_cache/na11439_tn.jpg
The Commerce Department of the United States opened today's announcement of second-quarter economic growth with a frightening statement: "Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020." 32.9 percent represents the loss of a third of the economy. Take out the annualization, and the economy contracted 9.5 percent. [Read Full Article (https://caithness-business.co.uk/article/11439)]