US GDP Drops 31.4 In Q2%, But Economists Expect Record Recovery
The U.S. Commerce Department revised its second-quarter GDP estimate slightly Wednesday, reporting that the U.S. economy shrank by 31.4% in the second quarter. The new estimate is up slightly from the previous estimate of a 31.7% decline.
The GDP Numbers: The second quarter represents the largest drop in U.S. GDP in a single quarter in history.
