The economy could be in even worse shape than what the GDP reported. aaronback explains. WSJWhatsNow
On Wednesday the Commerce Department said that gross domestic product fell an annualized 4.
8% in the first quarter, marking the largest drop since the fourth quarter of 2008, when the financial crisis hit. This number shows how much the economy would shrink if the first-quarter’s pace of contraction lasted all year, so an annualized drop of 4.8% number translates to an actual...
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