India  
 
NewsR.in

U.S. economy shrunk 4.8% last quarter

Video Credit: KTNV Channel 13 Las Vegas - Duration: 00:22s - Published
U.S. economy shrunk 4.8% last quarter

U.S. economy shrunk 4.8% last quarter

The U.S. economy decreased for the first time in nearly 6 years between January and March.

It came as the pandemic put the world economies in a choke hold.

YEARS--- BETWEEN JANUARY ANDMARCH.IT CAME AS THE PANDEMIC PUTWORLD ECONOMIES IN A CHOKEHOLD.THE FEDERAL GOVERNMENT REPORTEDTHAT AMERICA'S FIRST-QUARTERSHRANK AT A 4-POINT-8 PERCENTANNUAL RATE.MUCH OF THE NATIONS - G-D-PDECLINE WAS DRIVEN BYLOWER-THAN-USUAL HEALTHCARESPENDING, AS PEOPLE DELAYEDELECTIVE PROCEDURES.THE UNITED STATES HAS NOWPASSED ONE MILLION CONFIRMED




You Might Like


Related videos from verified sources

U.S. Economy Shrank at 4.8% [Video]

U.S. Economy Shrank at 4.8%

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.

Credit: Cheddar Inc.     Duration: 00:27Published
10% of US labor force out of work [Video]

10% of US labor force out of work

The Department of Labor said Thursday that 6.6 million Americans filed for unemployment claims last week as efforts to limit the spread of the coronavirus continue to slow the economy. The new figures..

Credit: KTNV Channel 13 Las Vegas     Duration: 00:29Published