Stadtratte/iStockBy CATHERINE THORBECKE, ABC News
(WASHINGTON) — Real gross domestic product (GDP) plunged by a record annual rate of 32.9% last quarter, according to government data released Thursday.
The figure reflects how the coronavirus pandemic has clobbered the U.S. economy with unprecedented speed and furor as it shut down much of the economy over the past few months. For comparison, real GDP decreased by 5% in the first quarter of 2020.
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raders work on the floor of the New York Stock Exchange during morning trading on March 10, 2026 in New York City. Stocks continued to slide at the opening due to the war in Iran and oil
President Donald J. Trump disembarks Marine One at Valley International Airport in Harlingen, Texas Tuesday, Jan. 12, 2021, and boards Air Force One en route to Joint Base Andrews, Md. (Official White House Photo by Shealah Craighead.
The Anthropic logo displayed on the stage during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. (Samyukta Lakshmi/Bloomberg via Getty Images) (NEW YORK) — Artificial-intelligence firm Anthropic sued the Trump administration on Monday
Traders work on the floor of the New York Stock Exchange. (Photo by Michael M. Santiago/Getty Images) (NEW YORK) — Stocks tumbled in early trading on Monday as oil prices soared above $100 per barrel in response
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. (Photo by Spencer Platt/Getty Images) (NEW YORK) — The Dow Jones Industrial Average plummeted more than 650 points in early trading
