Economists were bracing for an awful report card Thursday in regard to the pandemic, and it was indeed awful. The US economy shrank by an unprecedented 33% annual rate in the April-to-June quarter, reports… Money News Summaries.
(Newser) – Economists were bracing for an awful report card Thursday in regard to the pandemic, and it was indeed awful. The US economy shrank by an unprecedented 33% annual rate in the April-to-June quarter, reports the Wall Street Journal.