The U.S. economy in the very first quarter diminished at its fastest speed considering that the last economic crisis as the coronavirus pandemic closed down big parts of the nation, ending the longest economic expansion on record.
Gross domestic product, the broadest measure of goods and services produced throughout the economy, contracted at a seasonally and inflation adjusted yearly rate of 4.8%in the first three months, the Commerce Department stated Wednesday. The decline marks the start of a near-certain economic crisis, economists say, and is the most significant …
%%.
source https://jobsearchtips.net/coronavirus-likely-caused-greatest-quarterly-gdp-decrease-in-decade/
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