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The fall in US GDP in the second quarter was 32.9 percent compared to the same period last year. These preliminary data published by the U.S. Department of Commerce.
For the U.S. economy, the drop was unprecedented since records started, i.e., since 1947. The previous record recorded in the second quarter of 1958, but then the decline in GDP amounted to only ten percent.
Growth hit reduced spending by consumers and companies, which suffered from the pandemic coronavirus. In the first quarter, when the epidemic was still not significant, the reduction was five percent.
Video, photo All from Russia.