Second-quarter GDP plunged by worst-ever 32.9% amid virus-induced shutdown
The U.S. economy suffered its worst period ever in the second quarter, with GDP falling a historic 32.9%.
Economists surveyed by Dow Jones were looking for a decline of 34.7%.
Neither the Great Depression nor the Great Recession nor any other slump over the past two centuries have ever caused such a sharp drain on the economy.