U.S. GDP fell at a 5% rate in the first quarter, and the worse is likely on the way


us collapse economic worthy christian news(Worthy News) – The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.

The Commerce Department reported Thursday that the decline in the gross domestic product, the total output of goods and services, in the January-March quarter was unchanged from the estimate made a month ago.

That was the sharpest quarterly decline since an 8.4% fall in the fourth quarter of 2008 during the depths of the financial crisis. [ Source: CNBC (Read More…) ]

15
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Bear Attack On Schoolchildren Shocks Remote Canadian Community
German Chancellor Joins Call On U.S.-Russian Ukraine Plan As Deadly Strikes Hit Zaporizhzhia
Fire Disrupts COP30 As Infrastructure Concerns Mount In Brazil
Bangladesh Quake Kills At Least Eight, Injures Hundreds
Boiler Blast At Pakistan Factory Kills At Least 18, Sparks Safety Concerns
Scores of Students Abducted From Catholic School in Nigeria as Christian Attacks Surge
IDF Reveals Tunnel That Held Lt. Hadar Goldin: “One of the Most Significant Ever Found”
Federal Judge Orders Halt To National Guard Deployment In DC
Democrats Urge Troops To ‘Refuse Illegal Orders’ As DOJ Warns Of Risks
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News