US economy shrinks at worst pace since 2009

2020-05-28 13:19:01 GMT (Economies.com)
US economy shrinks at worst pace since 2009

At 12:30 GMT, the US economy released it second reading of the GDP for the first quarter of this year, which shrank by 5%, the lowest reading since the peak of the 2009 global financial crisis, due to the coronavirus pandemic, and lower than forecasts of contraction by 4.8%, while the first reading showed contraction by 4.8%. 

 
 
 
  Symbol Last Change Chg.%
1.1317
-0.0014
0.1240%
1.2658
0.0151
1.2065%
Tadawul
7416.67
22.41
0.30%
18.677
0.331
1.801%
40.005
-0.230
0.572%
42.84
0.48
1.13%
1801.475
15.490
0.867%
 
 
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