The U.S. economy declined sharply in the first quarter
The U.S. economy’s performance decreased at a steep pace in the first quarter after the coronavirus pandemic and austerity measures to curb its spread virtually halted the entire country in March.
According to the third final estimate, released by the Department of Commerce’s statistics institute on Thursday, gross domestic product (GDP) in January-March shrank by 5.0 percent year-on-year.
The data did not change from the second estimate, in line with analyst expectations. (MTI)
Related news
The destruction of wildlife can have serious economic consequences
The need to protect the living world is extremely important,…
Read more >
GKI: Road to “economic neutrality”: Declining West?
The global economic and geopolitical analyzes of recent years are…
Read more >
Márton Nagy: sixteen-point deregulation package for the development of tourism
The Ministry of National Economy jointly with the Hungarian Tourism…
Read more >
More related news >
Related news
On the threshold of a paradigm shift in food supply – Food policy analyst Réka Szöllősi was the guest at the September meeting of Chain Bridge Club
First Réka Szöllősi told in her retrospective that consumer protection…
Read more >
Zalando and OpenAI deepen cooperation
Zalando is back on track: in the second quarter both…
Read more >
It is worth choosing domestic poultry for St. Martin’s Day
This year too, goose steak cannot be missing from the…
Read more >
