Technology
After a record plunge from April to June, the US economy is set to bounce back, but not all the way – Business Insider Australia
The coronavirus pandemic led to the largest GDP plunge in American history, the Commerce Department said on Thursday, citing preliminary data.
The coronavirus pandemic led to the largest GDP plunge in American history, the Commerce Department said on Thursday, citing preliminary data.
US gross domestic product fell at a record 33% annualized rate in the second quarter, meaning the economy was about 10% smaller after those three months than at the start of the year.
Morgan Stanley researchers predict that one record will be immediately followed by another, saying in a research note that third-quarter GDP is poised to show the largest …
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