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U.S. likely to report record-breaking economic plunge amid coronavirus pandemic
COVID-19 pandemic destroyed consumer and business spending, potentially wiping out more than five years of growth.The bulk of the historic plunge in gross domestic product expected to be reported by the Commerce Department on Thursday occurred in April when activity almost ground to an abrupt halt after restaurants, bars and factories among others were shuttered in mid-March to slow the spread of coronavirus. U.S.