The United States economy experienced a record decline in the second quarter

The US gross domestic product (GDP) will rise 9.5% in the second quarter compared to the first. The United States will earn 32.9% yoy, according to data released by the country’s Economic Analysis Office on Thursday.

The second quarter saw a record decline in the United States in the second quarter as a result of the coronavirus pandemic and the country’s economic austerity measures.

Analysts expected the US GDP to grow at an annual rate of 34.1%. Consumption, which represents approximately two thirds of the US GDP, will register 34.6% annually, the largest decrease in the history of the country.

The US Bureau of Economic Analysis said in a press release that the decline in GDP reflects the government’s actions to keep people living in their homes in March and April due to the COVID-19 pandemic. In some U.S. states, restrictions have already been gradually devalued in May and June, and government contributions to businesses and populations reached many Americans at the time.

Still, the United States continues to fight to control the spread of COVID-19. In the country most affected by the coronavirus pandemic, the day before Wednesday at 8 p.m. 30 minutes. According to Johns Hopkins University, 68,086 new cases of COVID-19 coronavirus infection were recorded at local time (Thursday 3:30 a.m., Lithuania).

In late spring, the epidemic in the United States decreased, but recently intensified again, especially in the southern and western states.

Florida was particularly hard hit, recording a statewide mortality record on Wednesday when the coronavirus claimed 216 lives a day. In Florida, the total number of COVID-19 elevators is now more than 6,300. This is necessary for the country’s economy to recover more slowly than initially expected.

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