Usa Washington county Atlantic Jersey virus economy Government Coronavirus Usa Washington county Atlantic Jersey

US is expected to report a record-breaking economic plunge

Reading now: 201
www.fox29.com

FILE - A sign at a motel lobby states "WE ARE CLOSED FOR BUSINESS" during the coronavirus pandemic on May 7, 2020 in Atlantic City, New Jersey. WASHINGTON (AP) - Having endured what was surely a record-shattering slump last quarter, the U.S.

economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year.A huge plunge in consumer spending as people stayed home and avoided shopping, traveling or gathering in crowds as the virus raged is estimated to have sent the economy sinking at a roughly 32% annual rate in the April-June quarter.

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA