Economy shrank at 5 pct. annual rate in Q1
U.S. economy shrank at 5% annual rate in the first quarter
Quote:
The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter.
Gross domestic product, the broadest measure of economic health, fell at an annual rate of 5% in the first quarter, a bigger decline than the 4.8% drop first estimated a month ago, the Commerce Department reported.
https://www.cnbc.com/2020/05/28/us-g...-estimate.html
