WORST DROP EVER for US economy as GDP crashes 33% due to Covid pandemic lockdowns

The Bureau of Economic Analysis

The Bureau of Economic Analysis said on Thursday that the coronavirus pandemic triggered the sharpest contraction of the US economy ever in the second quarter this year, causing a historic plunge in consumer and business activity.

Data shows that US gross domestic product (the broadest measure of economic activity) shrank by 32.9 percent. That’s by far the worst plunge ever recorded, based on Bureau of Economic Analysis (BEA) data spanning back to 1947.

Continue reading https://on.rt.com/an81