Survey: Business Economists Expect Worst Slump Since 1940s
That would be the sharpest annual decline since GDP fell 11.6% in 1946.
GDP
US Economy Shrank at 4.8% Rate Last Quarter as Virus Struck
Forecasters say the drop in the January-March quarter will be only a precursor of a far grimmer GDP report to come.
U.S. Economy Grew at Strong 3.2% Rate in First Quarter
Still, the GDP gain surpassed the 3% bar set by President Donald Trump as evidence his economic program is working.
Oil Prices Up Slightly After US GDP Revision
NEW YORK (AP) — The price of oil is slightly higher Wednesday. Investors are weighing a higher estimate from the government on U.S. economic growth against an industry report showing a decline in oil demand.
Oil demand in the U.S. has tumbled as prices rose to nine-month highs...