International Crisis Deepens With Largest Economic Contraction Ever Reported

By Peter Cherry The largest ever annualized drop in economic activity was reported by the Commerce Department in the US, showing that the economy shrank by 32.9% in the second quarter of 2020. This report comes amid the deepening global crisis of overproduction that became clear at the start of the year and pulled first quarter economic growth down by 5%. It also follows the … Continue reading International Crisis Deepens With Largest Economic Contraction Ever Reported