“Second-quarter GDP plunged by worst-ever 32.9% amid virus-induced shutdown”
July 30, 2020
“The U.S. economy saw the biggest quarterly plunge in activity ever, though the plummet in the second quarter wasn’t as bad as feared.
Gross domestic product from April to June plunged 32.9% on an annualized basis, according to the Commerce Department’s first reading on the data released Thursday. Economists surveyed by Dow Jones had been looking for a drop of 34.7%. Still, it was the worst drop ever, with the closest previously coming in mid-1921…”
https://www.cnbc.com/2020/07/30/us-gdp-q2-2020-first-reading.html