· US gross domestic product fell at a 4.8% annualized rate in the first quarter, according to Commerce Department figures released Wednesday.
· The report showed that the longest-ever economic expansion that started following the Great Recession has officially ended.
· Now, economists are watching to see how bad second...
US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record
Business Insider
0 shares
1 views
You might like
Related news coverage
'E-commerce on fire': Here's what 4 analysts expect from Amazon's first-quarter results
Business Insider
· *Amazon will release its first-quarter earnings Thursday afternoon, revealing how the e-commerce giant has performed throughout..
-
US consumer spending plunges record 7.5%, reflecting virus
SeattlePI.com
-
Dow climbs 400 points as COVID-19 drug hopes outweigh economic pain
Business Insider
Advertisement
More coverage
'A fool's game': 4 economists break down what it's like forecasting the worst downturn since the Great Recession
Business Insider
· A number of economic indicators including retail sales, consumer sentiment, and more have posted record drops amid the..
10 things you need to know before the opening bell
Business Insider