ECONOMY U.S. suffered worst quarterly contrac
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Posted On: 08/01/2020 8:29:26 AM
ECONOMY
U.S. suffered worst quarterly contraction on record as virus ravages economy
When the economy was tumbling in the second quarter, Trump pumped up the third quarter. Now the high hopes are slowly deflating.
The U.S. economy crashed in historic fashion this year — shrinking at a nearly 33 percent annualized pace in the second quarter — as the coronavirus pandemic ravaged businesses and sent joblessness soaring.
https://www.politico.com/news/2020/07/29/trum...one-387425
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