US GDP in the I quarter of 2020 fell by 4.8%
According to the US Department of Commerce in the I quarter of this year, the country's GDP fell by 4.8%. This is the worst result since the previous crisis in 2007.
It is noted that Reuters analysts expected better results with a decrease of only 4%. But among the experts polled by the publication, there were also skeptics who expected a 15% drop in GDP.
It is worth adding that in January and February the US economy was operating normally and the first restrictions due to coronavirus began to be introduced only in March. Which indicates tremendous damage from a business pandemic.