The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
Read More »The US economy Suffers a titanic drop of 32.9% in the second quarter, GDP shows and points to a prolonged recovery
The numbers: A coronavirus battered economy slowed to a record 32.9% per year in the second quarter, underscoring how big the hole the United States is in to recover from the deepest recession in US history. The wave of damage caused by the first global pandemic in a century was …
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