The 2020 Mid-Year Economic Update_long

COVID-19

GDP 1Q

First-Quarter U.S. GDP Down 5% According to Third Estimate

Real gross domestic product¬†(GDP) decreased at an annual rate of 5 percent in the first quarter of 2020, according to the “third” estimate released Thursday by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released Thursday was based on more complete source data than were available …

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Jason Industries Files for Bankruptcy Due to Coronavirus Slowdown

Jason Industries Inc., Milwaukee, Wisconsin, (Nasdaq:JASN) (Nasdaq:JASNW), parent company to a global family of manufacturers in the seating, finishing, automotive acoustics and components markets, on Wednesday filed for Chapter 11 bankruptcy protection in the Southern District of New York. The bankruptcy filing, coupled with a deleveraging of its balance sheet by $250 million, were due …

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