US economy shrank at 5% annual rate in Q1 - Moneycontrol 29-May-2020

US economy shrank at 5% annual rate in Q1 - Moneycontrol


The Commerce Department reported on Thursday that the gross domestic product, the broadest measure of economic health, fell at an annual rate of 5 percent in the first quarter, a bigger decline than the 4.8 percent drop first estimated a month ago.

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