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HomeNewsBreaking News: Record drop in US economic output

Breaking News: Record drop in US economic output


US economic output fell 9.5 per cent in the second quarter, the biggest drop on record. That translates to a 32.9 per cent annual rate of decline.

Editor’s note: Please note that the 32.9 per cent figure is an annualised one based on the second quarter.

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Edited by Kathy Gyngell

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