The annual rate at which the U.S. economy shrank last quarter amid the coronavirus pandemic. The Congressional Budget Office estimates that the economy will continue to plunge at a 40 percent rate during this quarter.
The annual rate at which the U.S. economy shrank last quarter amid the coronavirus pandemic. The Congressional Budget Office estimates that the economy will continue to plunge at a 40 percent rate during this quarter. (AP News — April 29, 2020)