GDP Plunged at 32.9% Pace Second Quarter

The U.S. economy contracted at a record 32.9% annual rate in the second quarter, CNBC reports.

New York Times: “The collapse was unprecedented in its speed and breathtaking in its severity. The only possible comparisons in modern American history came during the Great Depression and the demobilization after World War II, both of which occurred before the advent of modern economic statistics.”