U.S. GDP Declines 4.8% Annualized In Q1 2020

Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent. The decrease in real GDP in the first quarter reflected negative contributions from personal … More U.S. GDP Declines 4.8% Annualized In Q1 2020