NEW YORK, NEW YORK - APRIL 25: 42nd street is seen nearly empty during the coronavirus pandemic on April 25, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 200,000 lives with infections close to 2.9 million people. (Photo by Justin Heiman/Getty Images)
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US GDP shrank 4.8% in first quarter
American GDP growth contracted at an annualized rate of 4.8% in the first three months of 2020 as the coronavirus crisis swept across the world. The economic decline is expected to be worse in the second quarter.
02:44 - Source: CNN Business
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NEW YORK, NEW YORK - APRIL 25: 42nd street is seen nearly empty during the coronavirus pandemic on April 25, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 200,000 lives with infections close to 2.9 million people. (Photo by Justin Heiman/Getty Images)
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US GDP shrank 4.8% in first quarter
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- Source: CNN Business
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