Latest video updates regarding Coronavirus. Watch this “Coronavirus: US economy shrinks at fastest rate since 2008 – BBC News” video below:
The US economy suffered its most severe contraction in more than a decade in the first quarter of the year, as the country introduced lockdowns to slow the spread of coronavirus.
The world’s largest economy sank at an annual rate of 4.8%, according to official figures released on Wednesday.
It marked the first contraction since 2014, ending a record expansion.
But the figures just hint at…..(read more)