US economy shrinks at 32.9%, biggest decline since 1940; over 1 mn people filed for unemployment claim

Image Source : AP US economy shrank at record-breaking 33% rate last quarter; over 1 million people filed for unemployment claim The U.S. economy shrank at a dizzying 32.9 per cent annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak…

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