U.S. economy shrunk 4.8% last quarter

Video Credit: KTNV Channel 13 Las Vegas
Published on April 29, 2020 - Duration: 00:22s

U.S. economy shrunk 4.8% last quarter

The U.S. economy decreased for the first time in nearly 6 years between January and March.

It came as the pandemic put the world economies in a choke hold.


U.S. economy shrunk 4.8% last quarter

YEARS--- BETWEEN JANUARY ANDMARCH.IT CAME AS THE PANDEMIC PUTWORLD ECONOMIES IN A CHOKEHOLD.THE FEDERAL GOVERNMENT REPORTEDTHAT AMERICA'S FIRST-QUARTERSHRANK AT A 4-POINT-8 PERCENTANNUAL RATE.MUCH OF THE NATIONS - G-D-PDECLINE WAS DRIVEN BYLOWER-THAN-USUAL HEALTHCARESPENDING, AS PEOPLE DELAYEDELECTIVE PROCEDURES.THE UNITED STATES HAS NOWPASSED ONE MILLION CONFIRMED

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