The latest report on gross domestic product from the federal Bureau of Economic Analysis shows the economy contracted in the second quarter at the fastest annualized rate on record as consumer spending fell.
Recovery Slows After Quarter With Steepest Economic Decline in History
Consumer Spending Accounts for About Three-Quarters of Drop in Economic Activity
By Galina Alexeenko, Christine Cooper
CoStar AnalyticsAugust 6, 2020 | 8:13 P.M.
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