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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