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US Real GDP Fell 32.9% In The Second Quarter

August 1, 2020
by The Ashton Report
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Written by The Ashton Report
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The US Dept. of Commerce’s Bureau of Economic Analysis released its “Advance” estimate of economic activity for the second quarter 2020 on July 30. Real gross domestic product fell 32.9% in the quarter, as wide sectors of the economy shut down in an attempt to restrain the coronavirus in April and May. The 2Q BEA…

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