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US suffers worst economic decline on record in second quarter as GDP contracts by 32.9%

Independent Thursday, 30 July 2020
The United States has suffered its worst economic decline on record with the nation's gross domestic product (GDP) contracting by 32.9 percent in the second quarter, as the coronavirus pandemic continued to cause one of the largest financial crises in history.
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News video: Euro zone GDP in record slump; inflation ticks up

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The euro zone economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc's inflation unexpectedly ticked up in July. Ciara Lee reports

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