Thursday, July 30, 2020

U.S. suffered worst quarterly contraction on record as virus ravages economy - POLITICO

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. The question now for President Donald Trump, trailing in the polls and facing a daunting reelection effort, is just how much conditions can snap back in the months leading up to Election Day.


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