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U.S. economy shrank at fastest pace on record last quarter

CBC.ca Thursday, 30 July 2020
The U.S. economy contracted at its steepest pace since the Great Depression in the second quarter, as the COVID-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new coronavirus cases.
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Video Credit: The Street - Published
News video: The U.S. Economy Just Contracted at a Record Pace

The U.S. Economy Just Contracted at a Record Pace 02:47

The U.S. economy contracted by a stunning 32.9% in the second quarter as the pandemic brought economic activity, particularly consumer spending, to a standstill.

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