Day: July 31, 2020

Business
FED

U.S. Economy Shrinks by Historic 32.9%; Jobless Claims Rise Again

By Administrator_India Capital Sands The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5% contraction in the first quarter, although […]

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