In the worst plunge ever recorded, the US economy contracted by 31.7 percent in the second quarter at the height of the Covid-19 crisis, according to revised data released by the Bureau of Economic Analysis on Thursday.
The latest US gross domestic product (GDP) reading is slightly better than the estimate issued last month, when the agency said that the world’s largest economy shrank at an annual rate of 32.9 percent in the April-June period.
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