U.S. Economy Falls 4.8% in 1st Quarter of 2020 Due to COVID-19, Says ABC
The U.S. economy contracted at an annualized 4.8% rate during the first quarter of 2020 as a result of the ongoing global pandemic, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Economic Analysis. The decline in GDP is largely a reflection of the final three weeks of…