US economy shrinks at worst pace since 2009
Economies.com
2020-05-28 12:40PM UTC
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%.
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