US economy shrinks at record 32.9 percent pace in second quarter
The US economy suffered its sharpest downturn in nearly 80 years in the second quarter, plunging 32.9 percent. The development highlights how the corona pandemic has ravaged the country's economy, leaving millions of US residents jobless.
By Reade Pickert, Bloomberg
The US economy suffered its sharpest downturn since at least the 1940s in the second quarter, highlighting how the pandemic has ravaged businesses across the country and left millions of Americans out of work.
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