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U.S. GDP plunges by 33% in the second quarter, the worst drop in history

30 Jul 2020

The data reflects the reality of the past few months, as coronavirus cases have resurged and stores have continued to shutter.

The Bureau of Economic Analysis today released its second-quarter GDP estimates, and the data illustrates a stunning 32.9%, one-third plunge in the United States GDP. It’s the worst GDP report in history—far surpassing last quarter’s 5% dip, and more than triple the previous worst-ever drop of 10% in 1958.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

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