US economy plunges by a record-shattering 32.9 percent last quarter amid Covid-19 pandemic
US one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington, November 14, 2014.
With Universal Mail-In Voting , 2020 will be the most INACCURATE & FRAUDULENT Election in history. It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???So steep was the economic fall last quarter that most analysts expect the economy to produce a sharp bounce-back in the current July-September period.
The plunge in GDP “underscores the unprecedented hit to the economy from the pandemic,” said Andrew Hunter, senior US economist at Capital Economics. “We expect it will take years for that damage to be fully recovered.”in the South and the West has forced many bars, restaurants, beauty salons and other businesses to close again or reduce occupancy. Between June 21 and July 19, for example, the proportion of Texas bars that were closed shot up from 25 percent to 73 percent.
“It’s just incredibly frustrating and demoralising,’’ she said. Potential employers seem to be delaying hiring decisions.
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