The 2020 Mid-Year Economic Update_long

GDP

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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