Tag Archives: American news

As the virus rages, the U.S. economy struggles to recover

WASHINGTON (AP) – Housing sales are booming. Shares set record highs. Industrial production is climbing out of the ditch into which it fell earlier this year. And yet, the U.S. economy is nowhere near recovering from the health it achieved, with low unemployment, consumers spending free and thriving travel, before …

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US economy plunged 31.7% year-on-year in second quarter

BALTIMORE (AP) – The U.S. economy shrank in April-June with an alarming annual rate of 31.7% as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was the sharpest four-year drop on record. The Department of Commerce downgraded its previous estimate of U.S. gross domestic …

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