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Home > Economics Explained > How the U.S. Economy Just Lost 33% of its Value
Podcast: Economics Explained
Episode:

How the U.S. Economy Just Lost 33% of its Value
Category: Business
Duration: 00:18:05
Publish Date: 2020-09-08 03:40:00
Description:

On the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report.  The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June.   

For reference, the 2008 subprime mortgage crisis of 2008 saw an 8% drop in annualized GDP figures at its peak.
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