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US Real GDP Fell 32.9% In The Second Quarter

August 1, 2020

by The Ashton Report

Written by The Ashton Report

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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