What to know about the report on America’s COVID-hit GDP
Coronavirus has had a significant impact on the US economy, with the deepest decline in output since records began in the last quarter.
Coronavirus has had a significant impact on the US economy, with the deepest decline in output since records began in the last quarter.
The U.S. unemployment rate hit 14.7% in April, according to new data. The previous post-WW2 record was 10.8%, set in November 1982.
美国在第一季度采取严格措施来减缓新型冠状病毒的传播,几乎“封国”,因此美国经济以大萧条以来最快的速度萎缩,结束了该国有史以来时间最长的扩张期。
The contraction is the fastest since the Great Recession and ends the longest expansion in US history, according to new data.
The coronavirus pandemic is continuing to impact the U.S. economy, with 20 million applications for unemployment benefits in the last month alone.
COVID-19 continues to afflict the United States' economy, as unemployment benefit applications continue to rise in unprecedented numbers.