Previously, GDP had never shrunk by more than 10% on an annualized basis in any quarter since the government began keeping track shortly after World War Two
The numbers: An economy badly battered by the coronavirus shrank at a record 32.9% annual pace in the second quarter, underscoring just how big a hole the U.S. finds itself in as it labors to recover from the deepest recession in American history.
The recent surge in coronavirus cases in about half of U.S. states, especially large ones such as Texas, Florida and California, has also dealt a blow to a fragile economic recovery.Previously GDP had never shrunk by more than 10% on an annualized basis in any quarter since the government began keeping track shortly after World War Two.
Households also spent far less on goods, though the decline wasn’t quite as steep. Purchases dropped 11.3%. Americans bought more cars, groceries and certain other household staples with many working from home, but sales of clothing, gasoline and many other goods all fell sharply.Business investment also stumbled badly as companies froze or slashed spending. Outlays on infrastructure such as oil rigs sank 35% while spending on equipment shrank by 37.7%. Both are record declines.
Companies cut back on production as sales slumped and exports tumbled. That’s also weighed heavily on the economy, though production has picked up in the last few months after the economy largely reopened. The rate of inflation, meanwhile, fell at a 1.9% pace in the second quarter after increasing early in the year. The cost of many goods and services have fallen as companies cut prices to try to drum up sales. Inflation is likely to remain low until the pandemic fades.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Economy suffers titanic 32.9% plunge in 2nd quarter, GDP shows, and points to drawn-out recoveryAn economy badly battered by the coronavirus shrank at a record 32.9% pace in the second quarter, underscoring just how big a hole the U.S. finds itself in...
続きを読む »
U.S. economy suffers titanic 32.9% plunge in 2nd quarter and points to drawn-out recoveryAn economy badly battered by the coronavirus shrank at a record 32.9% pace in the second quarter, underscoring just how big a hole the U.S. finds itself in...
続きを読む »
U.S. Economy Contracts at Record 32.9% Rate; Jobless Claims Rise to 1.43 MillionBreaking: The economy contracted at a record 32.9% annual rate last quarter and weekly jobless claims rose to 1.43 million amid signs of a slowing recovery
続きを読む »
Record economic plunge, bleak jobs numbers reveal virus toll in USThe US government’s estimate of the second-quarter fall in the gross domestic product was the sharpest such drop on record dating back to 1947, though slightly less bad than expected.
続きを読む »
Opinion | The Lockdown’s DestructionFrom WSJopinion: The service economy will take longer to come back, but it will do so when the public feels confident enough to venture out, writes The Editorial Board. What no one needs is another catastrophe like the second-quarter lockdown.
続きを読む »
U.S. economy contracted record 32.9% in Q2 amid state shutdowns, COVID-19 contagion fearsU.S. gross domestic product fell at annual rate of 32.9% in second quarter as states shut down nonessential businesses and consumers largely stayed home.
続きを読む »