Wednesday, April 29, 2020
The fallout from the deadly coronavirus caused the U.S. economy to contract 4.8 percent from January through March, the deepest decline since the depths of the financial crisis more than a decade ago, the Commerce Department said Wednesday. The second quarter is likely to show a decline of more than 30 percent -- a level not seen since the Great Depression -- as much of the economy entered a deep lockdown to try to encourage people to stay home to stop the spread of the virus.
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