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.
Copyright © 2020, ABC Audio. All rights reserved.
The Dow Jones Industrial Average logo appears on the screen of a smartphone in Reno, United States, on December 1, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images) (NEW YORK) — The Dow Jones Industrial Average closed
Grocery Store Shopping Supermarket (Oscar Wong/Getty Images) (NEW YORK) — Consumer sentiment ticked higher in February for the second consecutive month as inflation fears appeared to ease, though shopper attitudes remained well below levels registered a year ago, University of
Bitcoin signage on the exhibition floor during the Plan B Forum Bitcoin conference in San Salvador, El Salvador, on Friday, Jan. 30, 2026. The conference brings together world leaders, technologists, and entrepreneurs to discuss nation-state Bitcoin adoption,
A Nike logo is seen at the Nike flagship store, Dec. 20, 2019, in New York. (Stephanie Keith/Getty Images) (WASHINGTON) — The federal agency that investigates workplace discrimination is seeking court enforcement of a subpoena it has
City Club of Central Oregon will host an upcoming forum exploring the role of aviation in Central Oregon and the opportunities and challenges shaping its future. The forum will bring together aviation experts, community leaders, and regional
